“Company recorded 10 per cent increase in power generation in the first quarter of FY17 in comparison to the same period last year with an increase in generation from 58.70 BUs to 64.6 BUs,” the company said in a press release. According to the statement, NTPC group achieved generation increase of 11.65 per cent during the period. It further said electricity tariff billed by NTPC to the beneficiaries has also been reduced significantly despite increase in fuel prices.
The electricity tariff billed by NTPC to the beneficiaries has also been reduced significantly as compared to the same period last year despite increase in fuel prices. Company’s efforts under UDAY (Ujwal DISCOM Assurance Yojna) which utilises the best principles of cooperative and competitive federalism aimed to reform distribution sector in India.
As a result of rationalisation of coal linkages, reduction in imported coal consumption, enforcement of third party sampling of coal and other measures have led to reduction in energy charges of coal stations benefitting the Discoms and the consumers.
NTPC has a total installed capacity of 47178 mw through its 18 coal based, 7 gas based, 9 solar PV, one Hydro and 8 Subsidiaries / Joint Venture power stations. Company has a capacity of over 24,000 mw under different phases construction presently.
Earlier, government has said that it is planning to offer private companies the flexibility to use domestic coal to bring down cost of electricity generation in the next 3-4 months. “We have proposed to do it for private companies as well in 3-4 months after doing it for states,” Power Minister Piyush Goyal replied when asked about timeline for the government to relax norms for using domestic coal by private firms.
“We have mentioned it in the Cabinet proposal that first, we will do it for states. Thereafter, we will do it for private companies.” Last month, the government had relaxed norms for utilisation of domestic coal by states with an aim to reduce cost of power generation by 40-50 paise per unit.
It was estimated that this measure would eventually lead to yearly savings of up to Rs 30,000 crore in the next 4-5 years. The government has allowed all coal linkages to plants of state and central utilities like NTPC to be combined.
The state and central utilities are also given freedom to utilise that coal in most efficient and effective manner for reducing the cost of power generation. Under the arrangement, all coal linkages to a central public sector undertaking are treated as one.