Cost of NTPCs Solapur project to increase

The cost of NTPC´s Solapur thermal power plant will increase by Rs 500 crore from the earlier estimated about Rs 12,000 crore. However, now it, due to additional compensation sought by the project-affected families. This move can result in a hike in the power tariff for consumers in five states, where the company has entered into a long-term power purchase agreement. Experts believe that power tariff can increase between 5 and 10 paise for all consumers in these five states. Power purchase agreements have been signed with electricity distribution companies in Maharashtra, Tamil Nadu, Jharkhand, Madhya Pradesh and Goa. Out of the total available power, Maharashtra will obtain 55 per cent.