Tata Power puts off till March 20 plans to shut down Mundra plant

Tata Power said that it has put off plans to shut down the 4000 MW Mundra Power until March 20 after assurances were given by the Centre.

Earlier, Tata Power had said it would gradually start shutting down the power plant from March 11 if it was not allowed to increase tariffs as per the High Powered Committee recommendations.

The plant supplies power to Gujarat, Haryana, Rajasthan, Punjab and Maharashtra. These States have so far refused to increase tariffs. Following the threat by Tata Power arm — Coastal Gujarat Power Ltd (CGPL) which operates 4,000MW Mundra plant — a meeting was convened by the Union Power Secretary on March 9. The meeting was attended by all the five States’ Energy Secretaries/officials and the contours of an acceptable solution were discussed.