Moderator: Good afternoon Ladies and Gentlemen - Ntpc
Moderator: Good afternoon Ladies and Gentlemen - Ntpc
Moderator: Good afternoon Ladies and Gentlemen - Ntpc
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8 of 20Mr. Rajesh: Sir, one question when you gave the adjusted profits you have alsoadjusted the additional wage provisions which you have made.Mr. A.K. Singhal: Yeah.Mr. Rajesh: Okay, but sir, strictly speaking those are the costs which have to beincurred, so in a way they are not exceptional.Mr. A.K. Singhal: Yeah.Mr. Rajesh: Right so should those costs are to be adjusted?Mr. A.K. Singhal: We are adjusting in the sense because these are reimbursablethrough the tariff mechanism. I should not adjust these costs to my profit, provided Ihave included these costs into my O&M to be recovered through tariff.Mr. Rajesh: But do you think because the current tariffs are set for reviewing FY 2010.So do you think by retrospective basis you will get a increase in…Mr. A.K. Singhal: Yes, yes Mr. Rajesh the regulations are clear, any wage increasewhich has happened consequent to the wage agreement would be given by theregulator to us.Mr. Rajesh: Okay sir, second question as you mentioned initially if I did not hear wrongthat PLF of some of gas plants was lower because of lower dem<strong>and</strong> for that power.Mr. A.K. Singhal: Lower dem<strong>and</strong> would happen because of again non-availability ofgas because nobody would want liquid fuel, I said from that perspective.Mr. Rajesh: Actually it is supply constraint rather than a dem<strong>and</strong> constraint.Mr. A.K. Singhal: Pardon.Mr. Rajesh: It is actually a supply constraint rather than a dem<strong>and</strong> constraint.Mr. A.K. Singhal: It is a supply constraint.Mr. Rajesh: Okay fine sir, thanks.<strong>Moderator</strong>: Thank you for your question sir. We move onto a next question from Mr.Kartik from Lehman Brothers, Mr. Karthik please go ahead.Mr. Karthik: <strong>Good</strong> <strong>afternoon</strong> sir, Karthik here.Mr. A.K. Singhal: <strong>Good</strong> <strong>afternoon</strong> Mr. Karthik.Mr. Karthik: Yes sir couple of questions, the first one a very similar to your employeeprovision, can I presume that these exchange differences relating to interest would alsobe pass through in the tariff.