Mumbai, March 21 -- Tata Power has officially announced in a statement that the Gujarat state government has approved a power supply agreement (PPA) with the company to restart its 4-gigawatt (GW) Mundra plant, operated by Tata Power's subsidiary, Coastal Gujarat Power.
"The Gujarat cabinet has approved the Supplementary PPA, and a government order has been issued. After regulatory clearances, the company and Gujarat Urja Vikas Nigam Limited (GUVNL) will sign the agreement," Tata Power announced in an official statement.
According to the terms of the PPA, Tata Power will resume long-term power supply to Gujarat from its plant.
Tata Power's Mundra plant will soon be run at full capacity and it expects to recoup losses which is estimated t...