New Delhi, Nov. 20 -- The Uttar Pradesh electricity regulator has deferred approval of a power supply agreement between the state utility and Adani Group's upcoming USD 2-billion coal power project, citing insufficient clarity on cost calculations, according to an order issued on Wednesday.
The delay comes six months after Adani Power secured a contract to supply 1,500 MW from its new plant in the state at a tariff of Rs 5.38 per unit.
The uncertainty over costs stems from the central government's July decision to relax requirements for certain coal-based plants to install flue gas desulphurisation (FGD) systems, which reduce sulphur dioxide emissions, reported Reuters.
The exemption is expected to generate significant savings for oper...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.