Tata Power expects Mundra tariff approval from Maharashtra, Haryana after elections, says CEO Praveer Sinha


Tata Power expects Mundra tariff approval from Maharashtra, Haryana after elections, says CEO Praveer Sinha

After Punjab Discoms agreed to revise the tariff plan for Tata Power’s Mundra unit, the company expects its proposals for Gujarat, Rajasthan and Maharashtra to sail through soon, said Praveer Sinha, CEO and managing director. He further said that there seems to be a general consensus from all states with regards to Mundra tariff hike.

“Power sector has been going through huge challenges and we also continue to have few challenges in our business but there have been some good developments. We have seen that apart from Gujarat even Maharashtra cabinet notice ready and hopefully after the elections, it should go through,” said Sinha.

“Punjab, which initially had a lot of issues on the revision of the power purchase agreement (PPA), has agreed and the proposal is going to the cabinet and hopefully after the elections Read more

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