Bidders had choice to bid for 'indexe' fuel cost
At the time of bidding for the Gujarat UMPP and also in the Case-2 Bidding based on imported coal, the bidders had a choice to bid for an (indexed÷ fuel cost, which meant that any variations in fuel cost could be passed through to the procurers based on an indexation formula defined in the PPA.
Change in coal export regulations by Indonesia and Australia has queered the pitch for Tata Power and Adani Power. But can India afford to forsake such huge assets built assiduously?
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