Tata Power reaches consensus with states over power supply from Mundra UMPP

Tata Power has reached a consensus with the power procuring states over the tariff issue of the 4,000 MW Mundra ultra mega power project (UMPP) in Gujarat, following a meeting chaired by the power secretary on March 20, 2020. Reportedly, the company can now sell power outside the existing power purchase agreements (PPAs) in order to meet its debt obligation. Tata Power’s subsidiary, Coastal Gujarat Power Limited, had earlier served notices to the state discoms of Gujarat, Haryana, Rajasthan, Punjab and Maharashtra for stopping power supply from the Mundra UMPP owing to lack of cost-reflective tariff.

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