New Delhi:  National Thermal Power Corporation (NTPC) on Wednesday has revealed that there has been a meager increase in its net profit as Uttar Pradesh, Bihar, Orissa and Andhra Pradesh are not purchasing power owing to the poor financial condition.

In the financial year 2010-11, NTPC reported a net profit of Rs 8,826 crore against Rs 8,728 crore in 2009-10. The growth in the NTPC’s profit is a mere 1.12 per cent.

Arup Roy Choudhury, NTPC Chairman and Managing Director, said, “All power plants are working with their full capacity but the state electricity boards have purchased less power from the grid. This led to less generation of revenue.”

He expected that the condition will improve with the better financial condition of the states.
We have set a target of producing 5000 Megawatt electricity every year starting from the next financial year 2012-13, Choudhury told Dainik Jagran. 

Most of the plants will be coal-based and we will import it from foreign countries to meet the demand, as we plan to set up 15 new thermal power projects, he added.