Why is UP utility paying more for private power?
Submitted by susan on Tue, 2011-11-15 12:39
A cash-strapped Uttar Pradesh Power Corporation (UPPCL) has signed a one-year deal with a private power generator in Gujarat, routed through a private power trader in the western state, to buy some 600 MW at around Rs 4.70 a unit. The price is well above the average of less Rs 3 a unit on the power exchanges over the last two months.
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Publication Date:
01/09/2011