The Gujarat state electricity board has approached the Central Electricity Regulatory Commission, seeking its approval to amend the terms of the power purchase agreement (PPA) for 2,000 MW signed with Adani Power for procuring electricity from the company’s imported coal-based plant in Mundra.
The development comes after the Supreme Court extended a lifeline to the three troubled imported coal-based power plants of Tata, Adani and Essar in Gujarat by allowing the CERC to facilitate pass-through of future fuel price escalation, as per the recommendations of a high-level committee.
The Gujarat government had constituted the committee in July this year to assess if the power plants could be revived through appropriate financial and contractual restructuring. Read More
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