Fall in coal prices: Govt revokes order allowing pvt power firms to charge high tariffs

The Gujarat government has revoked a 2018 government resolution (GR) that permitted private power producers like Adani Power, Tata Power and Essar Power to impose higher tariffs by amending the Power Purchase Agreement (PPAs).

An official from the state’s energy and petrochemical department said that the 2018 GR, that provided “relief” to power companies affected by a change in law in Indonesia, has been cancelled. “This has been done due to the fall in coal prices. It is in public interest,” Sunaina Tomar, Additional Chief Secretary, energy and petrochemicals department told The Indian Express. The decision was taken in a recent Cabinet meeting.