Power prices are set to rise by 60-70 paise per unit due to higher coal imports and discoms requiring to pass on the increased cost to consumers, Union power minister RK Singh said on Thursday.
Speaking to reporters on the sidelines of the 75the foundation day of the Damodar Valley Corporation, he said the generation cost would increase since the landed cost of imported coal would come at around 16,000 -17,000 per tonne against an average price of 2,000 per tonne of domestic coal, Singh said.
