In a boost to NTPC, state governments have lifted the ban on diversion of the company’s surplus power to other states. At a joint meeting of the regional power committees recently, the states unanimously agreed to forego their right to unused power, sources told FE.
NTPC reported a net profit of over R8,886 crore in 2010-11, a flat growth over the previous year. The figure would have been higher if it had the freedom to sell the surplus power from its major plants in states like Chattisgarh, UP and Madhya Pradesh to other states within the same electricity supply region.
NTPC suffered generation losses of 13.2 billion units during 2010-11 as some states reduced their requisition of power on higher-than-expected rainfall. Assuming an average electricity tariff of R2 a unit for NTPC’s power plants, the revenue lost due to lack of power demand from states during the period works out to R2,600 crore.
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