Panel’s Recommendations May Bring Rs 1.29 Lakh Crore Relief To Gujarat’s 3 Stranded Power Projects


Panel’s Recommendations May Bring Rs 1.29 Lakh Crore Relief To Gujarat’s 3 Stranded Power Projects

The recommendations of a high-powered committee on stranded power projects set up by the Gujarat government can bring a combined relief of Rs 1.29 lakh crore for Tata, Adani and Essar’s power plants in the state over the next 30 years, according to a source.

If the recommendations are implemented, the consumers will have to face the brunt of high power tariffs.

A three-member committee comprising former Supreme Court judge Justice R K Agrawal, former RBI Deputy Governor S S Mundra and former Central Electricity Regulatory Commission (CERC) chairperson Pramod Deo was set up by the Gujarat government on July 3, 2018 to find solutions for the three thermal power plants located in the state that were in financial distress.

The committee has “submitted its recommendations earlier this month and the three power plants would get a combined benefit of Rs 1.29 lakh crore in next 30 years if the recommendations are implemented”, a source said. Read more

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