Exuding confidence that the Centre’s UDAY scheme will help revive debt stressed discoms, NTPC Ltd Chairman and Managing Director Gurdeep Singh has said that electricity demand is going to increase in the future.
The Central government had launched UDAY to help discoms reduce debt and improve their financial position which will ultimately help them buy power required for their customers. They were unable to buy power from generating firms despite having demand from their consumers.
Singh was addressing employees’ on the 41st raising day of the company, at Noida.
He also spoke about NTPC’s efforts to bring down energy charges by stopping import of coal, ensuring better quality coal through third-party sampling and coal rationalisation.
Singh urged NTPC’s Power Management Institute and research arm NETRA to play a crucial role in the company’s development.