Adani Power exploring options to sustain Mundra power plant

Adani Power exploring options to sustain Mundra power plant
The Adani Power Limited’s (APL) board meeting on June 6 would contemplate on measures to help sustain the 4,620-MW imported coal-based power plant in Mundra, Gujarat.

While the board would consider a slump sale to a subsidiary, as per its notice on BSE, stakeholders are learnt to be looking at other options of realigning the power purchase agreement(PPA).

Supreme Court had in April, disallowed any grounds of relief to Tata Power and Adani Power Mundra in the five-year-old contentious issue of compensation due to unforeseen increase in imported coal prices for their respective power plants. Read More…

Credit By: Business Standard

Leave a Reply

Your email address will not be published.