Describing the Governor’s Address on the opening session of the Third Assembly of Telangana as ‘total lies’, BRS MLA K.T. Rama Rao on Saturday said the Congress government was indulging in wrong publicity by claiming power generation and distribution companies were in debts.
Speaking on the motion on thanking Governor’s speech, he said the Congress government was hoodwinking people by claiming that TS Transco and TS Genco accumulated losses and were in debt. Mr. Rama Rao claimed that when BRS party came to power first time in 2014 the Transco and Genco had assets worth ₹7,460 crore and ₹ 19,000 crore respectively. By 2023, the same assets reached the values of ₹24,400 crore and ₹50,000 crore.
“How fair is it to speak only about loans ignoring the enhanced value of assets?” he asked. Referring to the allegations that the State’s power utility companies were neck-deep in debt, he asked if it “was wrong to invest money to improve power generation?” He clarified that BRS government went to open market buy power for farmers of the State.
