Gujarat govt cancels earlier resolution on power tariff for Tata, Adani, Essar
The Gujarat government has cancelled a resolution from 2018 that allowed Tata Power NSE 0.40 %, Adani Power NSE -0.86 % and Essar Power to increase tariffs after coal prices declined since then.
The three power generation companies operate projects that run on imported fuel and had sought the increase in tariffs to account for higher coal prices.
However, in an order in April related to Essar Power, the Gujarat Electricity Regulatory Commission (GERC) made some modifications as coal prices had softened, which the state government now wants to incorporate in power purchase agreements (PPAs).
