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Cash-strapped state power cos stave off power purchase
Cash-strapped state power utilities have cut offtake from thermal power generators, hitting their output and driving down tariffs in the short-term market. These utilities, which buy the entire output of thermal power generators such as NTPC, Adani Power and Monnet Ispat, have cut offtake because of a cash crunch and are resorting to load shedding. The accumulated losses of these utilities are expected to touch almost Rs 150,000 crore by 2014-15, against Rs 70,000 crore now.
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