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NTPC undergoes Rs 3,200 cr revenue loss on declining demand from states

By Religare
|
NTPC undergoes Rs 3,200 cr revenue loss on declining demand
State-owned, Power sector major, NTPC, has lost Rs 3,200 crore in potential revenue during the first five months of the current fiscal amid reduced demand from the state electricity boards, said Economic Times.
 

"We could not supply almost 16 billion units of energy because state electricity boards did not buy it during the first five months of the current fiscal. In contrast, last year's figure was a small 3 billion units," NTPC, CMD, Arup Roy Choudhury, told media.

Most of the state utilities have scaled down their demand as they were forced to sell the power at cheaper rates since the state electricity regulatory commissions did not always give the tariff that covers their purchase cost, added the media report.

However, the potential revenue loss for NTPC was Rs 600 crore in comparison to a year ago period, said the media report.

Further, a senior official added that the loss of potential revenue does not spell loss to the company, explaining that NTPC has saved on the coal that it would have consumed for producing additional power.

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