Power Tariffs Likely To Go Up

<?xml version="1.0" encoding="UTF-8"?><root available-locales="en_US," default-locale="en_US"><static-content language-id="en_US"><![CDATA[<p>An increase in power tariffs in India is inevitable given the sharp rise in coal prices, the head of Central Electricity Regulatory Commission (CERC) told reporters on Thursday.<br><br>Indian power utilities have been scouting oversees for coal assets to fuel the burgeoning power demand from Asia's third largest economy, with state-run Coal India, the world's largest coal miner, unable to fulfill the entire domestic demand.<br><br>Global thermal coal prices have been trading at around $120 a tonne, more than 20 per cent higher than prices a year ago when prices were below $100 per tonne.<br><br>(Reuters)</p>