National Thermal Power Corporation, the public sector giant, and one of the entities that was allotted coal mines during 2004-09 period, said today that it has not reaped any windfall profits.
“There is no way by which NTPC can make windfall profit out of the coal produced from these mines as under the CERC regulated regime the cost of coal from these mines will be passed through in the power tariff...
“Therefore, it will only help to reduce the ultimate cost of power at the end-user,” NTPC chairman and managing director Arup Roy Choudhury said.
From: http://ping.fm/oyRjT
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