Tata Power has put its decision to shut operations at its 4,000MW Mundra ultra mega power project (UMPP) on hold till March 20, 2020 in expectation of an acceptable solution for all parties over pass through of higher coal prices.
Earlier, Tata Power’s arm Coastal Gujarat Power (CGPL) which operates 4,000MW Mundra plant had served notices to discoms of Gujarat, Haryana, Rajasthan, Punjab and Maharashtra stating that it will stop supplying power from the plant from February 29 if tariff is not increased. Subsequently, the CGPL had served notices to the discoms for closure of the Mundra plant progressively from March 11 due to delay in adoption of the High Powered Committee recommendation and entering into supplemental power purchase agreement (PPA).
Tata Power Company is India’s largest integrated power company with a growing international presence.
