(ET)
State discoms buying from Tata Power’s 4,000-mw Mundra project are in agreement to the plant’s requirement of imported coal cost pass through but have not yet given their formal approvals.
A top government official from one of the states said every state was waiting for other states to take the plunge. “There is some hope for the project now. At a recent meeting, we gauged that everyone is interested and exchanged notes,” he said on condition of anonymity.
The required approvals have not come from four of the five consumer states of the project though it has been seven months that the Supreme Court allowed reopening of the power purchase agreements for fuel cost pass through.
