Many private power companies in the country were violating the terms and conditions of coal block allocation, the Central Bureau of Investigation (CBI) under the jurisdiction of Supreme Court (SC) and the Union Power Ministry (MoP) have found in their probe. The Ministry suspects that these companies have no intention to sell power to discoms but want to sell it to industries or at exchanges at higher rates.
Tag: power companies
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Power firms reduce capital expenditure
The capital expenditure of 25 top listed power companies declined 15 per cent to Rs 112,687 crore in 2012-13. The decline in investment may result in a considerable generation and supply crunch by the end of the current Plan, in 2016-17.