Gujarat allows power tariff hikes, in relief to Tata, Adani, Essar2 min read 03 Dec 2018, 03:36 PM IST
The pass-through of higher cost of coal to consumers will be by amending power purchase agreements with Gujarat Urja Vikas Nigam and approaching the power regulators for approval
Ahmedabad: In a major respite to beleaguered power projects of companies such as Adani Power Ltd, Tata Power Co. Ltd and Essar Power Ltd, the Gujarat government has issued an order to allow tariff hikes by the three imported coal-based power plants, according to two government officials in the know of the development. They did not wish to be identified.
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