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Gautam Adani, Chairman, Adani Group on Wednesday said the CERC order offering compensation tariff to the company's 4,620 MW Mundra power plant is a positive development not only for his company but also for the sector.
“We welcome the CERC order, which will pave the way forward to bring back investor confidence into the power sector,” Adani said.
The order affirms the need for adequate return on the investment made which would improve the quality and supply of electricity to the consumers, the company said.
The order passed by the Commission is in line with its responsibility to intervene in the matter in the interest of the consumers, investments and the power sector as a whole.
The order itself is a landmark order recognizing and balancing the need for a solution for all the stakeholders. The independent committee of stakeholders plus a banker and a financial analyst will propose a solution in a time bound and transparent manner, the company said.
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