The Gujarat government has directed its power distribution company to raise tariffs of the three imported coal-based power plants owned by Tata Power , Adani Power and Essar Power by amending their power purchase agreements (PPAs) and approaching the power regulators for approval.
This comes as a big relief for the three plants which together can generate about 10,000 mw but have been making heavy losses after an abrupt jump in the price of Indonesian coal and the refusal of various states to pay higher tariffs as they said the power producers were bound by the PPAs.
The matter has lingered for years as it was put up to various regulators, courts, committees, appellate authorities and governments. Read More
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