New Delhi : Electricity
bills are likely to go up soon as the government Friday approved a
mechanism under which power companies can hike the tariffs if the cost
of imported coal rises.
The Cabinet Committee on Economic
Affairs (CCEA), chaired by Prime Minister Manmohan Singh, approved the
new mechanism at a meeting here Friday.
The cabinet also approved
the proposal to allow private power producers to import coal on their
own. Many power projects are stalled or running much below their
capacity due to inadequate supply of coal.
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