Although the industries in Madhya Pradesh get round-the-clock power supply, the Mahakoshal region rich in mineral resources is yet to become a preferable destination for heavy industrial investments.
The state gives rebate of 15% to the industries in the power bills for consumption from 10pm to 6am.
The rebate was enhanced from 7.5% (2013-14) to 15% in the power tariff of 2014-15 after there was demand from the entrepreneurs. Similarly the state had reduced the penalty charged from industries for consumption for period from 6 pm to 10 pm from 15% to 7.5%.
The penalty was introduced in previous tariff plans to discourage the entrepreneurs from running units during peak hours from 6 pm to 10 pm. Generally during peak hours the power consumption shoots up in the domestic sector.
The power distribution companies have developed facilities to record the industrial consumption round-the-clock and accordingly the calculation of penalty and rebate is done. The industries are exempted from power cuts, MP Power Management Company managing director Manu Shrivastava told this newspaper adding the industrial tariff in the state is less compared to other states including neighbouring Maharashtra.
Since there is no power problem with the industries now, the state must change its policies to attract heavy industries in Mahakaushal region rich in mineral resources, Mahakaushal Udyog Sangh president Narendra Somaiya said.
The entrepreneurs here feel there was vast possibility of setting up heavy industrial units in both the public and private sector due to availability of power round-the-clock.