India regulator allows Tata Power to raise tariff at Mundra plant
MUMBAI, April 15
MUMBAI, April 15 (Reuters) - 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)
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Nitin Gadkari, former president of the Bharatiya Janata Party and a member of the BJP’s manifesto committee, speaks to Reuters. Here are the edited excerpts. Full Article