COAL industry, IMPORTS, ELECTRIC power, ELECTRICITY, and PRICES
This article reports that according to the Economic Times India, NTPC customers may have to pay more for power. To meet its fuel demand for Talcher and Rihand projects, the company has decided to import coal. But imported coal comes at a premium and so consumers may as well budget for higher electricity bills with tariffs expected to go up. It is estimated that fuel costs alone would go up by a hefty 145% to Rs 1.70/unit as against the current fuel cost of Rs 0.70/unit. The growing shortage of coal and inability of domestic mines to meet the pace of addition in power capacity has prompted the power sector to make a strong pitch for a further cut in coal import duties.