Bringing relief to thermal power plants owned by Tata, Adani and Essar groups, the Gujarat government Saturday passed an order to allow pass-through of higher cost of coal to end consumers, a source said.
The The Supreme Court had earlier ruled against any compensatory tariff for Tata Power, Adani Power (4600MW Mundra) and Essar Power (1320MW Salaya) plants to allow pass-through of higher cost of imported coal.
Confirming the development, Tata Power in a BSE filing Monday said, “The company welcomes the resolution by the government of Gujarat to accept the recommendations of the high-power committee in giving some relief to Mundra ultra mega power project that meets nearly 15 per cent of Gujarat’s requirement of power at a very reasonable cost.”
“This relief will help Coastal Gujarat Power to continue its operations to meet its obligations to all the five beneficiary states,” it added. Read More