Power cos can't take fuel risk; full marks to CCI: Montek

Planning Commission deputy chairman Montek Singh Ahluwalia said power producers in the country are facing fuel supply problem but it would be unfair to expect power companies to undertake fuel risks. He said power production will take time to become efficient as the system is reluctant to pay more for electricity. He gave thumbs up to The Central Electricity Regulatory Commission's (CERC) pronouncement on Adani Power.

Speaking on the NTPC - Coal India row over coal supply, the deputy chairman of the Planning Commission said it could be solved using commercial means. He said a large number of exploration projects will get cleared soon and mining will begin on NTPC's Karanpura Thermal Plant.

Reiterating his faith in competition commission of India (CCI), Singh said it is an extremely important initiative at this stage which has made progress in helping various projects stuck due to environmental issues.

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