Moneycontrol
HomeNewsBusinessCompaniesGas price hike fruitful if discoms buy costlier power: NTPC
Trending Topics

Gas price hike fruitful if discoms buy costlier power: NTPC

NTPC is focusing on installing Rooftop Solar PV systems at available roof areas in power stations to meet the energy requirements of its various offices.

October 20, 2014 / 15:49 IST
Story continues below Advertisement

With the government announcing increase in the price of domestically produced gas, state-run NTPC said the move will prove beneficial only if the power distribution companies buy the electricity produced from the plants consuming the costlier fuel.

"I hope with this the gas producers will increase production but ultimately it will work when schedule is given by discoms for this (costlier) power," NTPC Chairman Arup Roy Choudhury told reporters here.

Story continues below Advertisement

He said there will be no impact of gas price increase on NTPC's gas-based plants as they have long term PPAs or power purchase agreements in place.

"No plant is there that is affected other than Ratnagiri," Choudhury said. The company's Ratnagiri plant gets gas from Reliance Industries' KG-D6 oil fields.