MUMBAI, April 15 India's central electricity regulator has allowed Tata Power Co Ltd to raise electricity tariffs on a temporary basis at its Mundra power plant on account of rising cost of imported coal, the power utility said on Monday.
The ruling follows a similar order by the regulator earlier this month allowing higher tariffs at Adani Power Ltd's neighbouring power plant in the western state of Gujarat.
India's power sector has struggled with domestic coal shortages and has become increasingly reliant on costlier imports to meet the country's rapidly growing energy needs. (Reporting by Prashant Mehra; Editing by Anand Basu)
Trending On Reuters
Prime Minister Narendra Modi urged more companies to make electronic and digital goods on Wednesday, reviving his campaign promise to bridge India's digital divide backed by over $70 billion in investment pledges. Full Article