Pressure on imported coal prices will lead to lower e-auction premium
Taking stock of a spurt in international coal prices due to new regulations in Indonesia, the Power Ministry may tweak the bidding documents for upcoming ultra mega power projects to cater to the possibility of future increases in raw material rates.
There is a substantial increase in global and local coal prices, however, Arup Roy Choudhury chairman and managing director of National Thermal Power Corporation (NTPC) maintains that the company is confident of being able to meet FY11 guidance of over 3,000mw in FY11.