Rising coal prices threaten Indian power producers

摘要

India's system of fixed electricity tariffs is in need of reform as it prevents power generators from passing on the rising cost of thermal coal thereby endangering the commercial viability of coal-fired power projects, according to panellists at the tenth Coaltrans India conference in New Delhi in March. Audience member Stewart Hicks of GIC - the Singapore government's sovereign wealth fund - said he was expecting defaults on power contracts within the Indian power sector.