Adani Power’s Tiroda plant gets MERC nod for higher coal price
Adani Power on Wednesday said power regulator MERC has allowed pass through of higher coal prices for its Tiroda plant.
The coal mine allocated to Tiroda plant was de-allocated and the company had to make arrangement for fuel supplies at higher cost. Adani Power arm Adani Power Maharashtra Ltd (APML) runs Tiroda plant.
In a regulatory filing on Wednesday, Adani Power said the compensation to APML has been granted in respect of the 1320 MW power purchase agreement signed on September 8, 2008 by APML with Maharashtra Electricity Distribution Co Ltd (MSEDCL), for its power plant at Tiroda in Maharashtra.
