Tata Power has received approval from Central Electricity Regulatory Commission to increase tariff for power generated from its 4,000 MW Mundra plant. The electricity regulator also ordered that a committee needs to be set up to work out the price increase and decide the compensatory package, which will submit its report by May 15.
With this permission to increase tariff, consumers of seven electricity distribution utilities in Gujarat, Maharashtra, Rajasthan, Punjab and Haryana, will be affected as the revised tariff will be higher than existing levelised tariff of Rs 2.26/unit. The current tariff for new power projects is in the Rs 3.50-7.00/unit range.
