Power producers make a killing on giveaway coal

Ministry of Power documents reveal that the government has consistently failed to protect consumers from high electricity tariffs witnessed since 2007, despite being aware of the huge profit margins earned by power producers thanks to captive coal allotments at throwaway prices. Private power producers with access to coal linkages from the government or captive coal blocks that guarantee them coal at prices lower than the international market rates have been making supernormal profits all under the nose of the government and the power regulator.

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