Moderator: Good afternoon Ladies and Gentlemen - Ntpc

20 of 20for competitive bidding. We are preparing ourselves and we have participated in earlierprocess and we would be participating in the future also. And we have got specialrelaxations on the Government of India for making investment of more than 1000 Croresin one subsidiary company. The basic purpose of getting that relaxation is that that wemust win some of the projects based on competitive biddings.Mr. Pradeep: Sir I am not able to understand this provision. Does this mean thatFY2011 means for the projects which will get commissioned up to FY2011 or conceivedup to or which will have financial closure up to FY2011.Mr. A.K. Singhal: Which are conceived up to 2011.Mr. Pradeep: Okay for all those projects you are exempted from the competitive biddingand then onwards you will have to sell whatever power you will produce from projectson competitive bidding. Recently if I am not mistaking the bid that was carried out forMP, Haryana and Gujarat, can we have some idea where exactly NTPC tariffs stood visà-visthe competitiors?.Mr. A.K. Singhal: Our cost of generation is the lowest at the moment, if you see theweighted average cost we are supplying to the state electricity board is Rs. 1.75.Mr. Pradeep: Sir that should be due to all those older plants which have beendepreciated, can we have some idea of recently commissioned plants? What is the costof generation in any particular two-three plants which have been recentlycommissioned?Mr. A.K. Singhal: That we could discuss separately because of the commercialreasons let us not discuss those issues here.Mr. Pradeep: Okay, okay sir, thank you.Moderator: Thank you Mr. Puri, Mr. Mitra.Mr. Subhadip Mitra: Yeah I think we can now conclude the call now.Moderator: Yes I handover the call to you.Mr. Subhadip Mitra: Right I think we have had a very interactive session today, I wishto once again thank Mr. Singhal of NTPC for giving us an insight and sharing his viewswith us, thank you once again sir.Mr. A.K. Singhal: Thank you very much, thank you Subhadip.Mr. Subhadip Mitra: Right sir.Moderator: Ladies and gentleman this concludes your conference for today. We thankyou for your participation and for using Tata Indicom Conferencing Services. You mayplease disconnect your lines now. Thank you and have a great evening.