Following a recent Supreme Court verdict, Tata Power has written to Punjab, Haryana and other states seeking an amendment to the power purchase agreement(PPA) based on the recommendations of the high power committee constituted by the government of Gujrat.
While, in its letter sent to Principal Secretary Power, Punjab, Tata Power has claimed that despite the expected tariff revision the company will make substantial losses, but the three-member high power committee report, based on which the Supreme Court had passed the orders, has claimed that the three power plants including the 4,000 MW Coastal Gujarat Power Limited of Tata Power, 4,620 MW at Mundra, Adani Power Mundra Limited and 1,200 MW Essar Power Gujarat Power Limited at Salaya would get a combined benefit of Rs 1.29 lakh crore in the next 30 years if the recommendations are implemented. Read More
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