NEW DELHI: Power regulator CERC’s decision to approve higher tariff for Adani Power (Mundra) Ltd is a positive measure for affected imported coal-based independent power producers, rating agency Icra said on Wednesday.
The tariff relief approved under the supplemental PPAs (power purchase agreements) by the Central Electricity Regulatory Commission (CERC) will significantly reduce the losses faced by APML and improve viability of the project, Icra said in a statement.
The CERC in its order on April 12, 2019, had approved the supplemental PPAs signed between Adani Power (Mundra) Ltd (APML) and Gujarat Urja Vikas Nigam Ltd (GUVNL) for 2,000 MW power supply.
