Revocation of GR not to impact discussion over PPA with Mundra plant: Tata Power
New Delhi: Tata Power NSE 0.50 % on Friday said that the Gujarat government’s decision to revoke an order allowing recovery of higher cost of imported coal from consumers will not impact the progress of ongoing discussions over a supplemental purchase pact with the company’s Mundra plant, CGPL.
Gujarat has revoked its earlier order allowing Adani Power NSE -0.57 %, Tata Power, and Essar Power to pass on the higher cost of imported coal to consumers and charge higher electricity tariff under their respective power purchase agreements (PPAs) for supply of 4,600MW electricity.
