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INDIA'S NTPC FACES BLEAK PROSPECTS ON DIP IN FUNDING FROM SEBS.
NEW DELHI, Jan 1 Asia Pulse - The state-owned National Thermal Power Corporation (NTPC) today faces bleak prospects in generation of electricity with a projected dip of Rs 50 billion (US$1.03 billion) in realisesd funds during 2001-02 from State Electricity Boards which has caused the power giant difficulties in footing the bill for fuel.
Notwithstanding the power sector reforms and pressures from the corporation on state electricity boards for clearing the outstanding, NTPC is understood to have informed the federal government about the grave financial situation.
"Against the total billing of Rs 200 billion for the year, realisation could be around Rs 150 billion as the rate of realisation was only about 75 per cent," top corporation officials said.
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Source: HighBeam Research, INDIA'S NTPC FACES BLEAK PROSPECTS ON DIP IN FUNDING FROM SEBS.