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New resolution may help cut Mundra losses by half: Tata Power CEO

The renewable portfolio is expanding, we keep on bidding regularly, said the CEO

Praveer Sinha
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Praveer Sinha, chief executive officer and managing director of Tata Power

Amritha Pillay
The Supreme Court on Monday directed the Central Electricity Regulatory Commission (CERC) to re-look power-purchase agreements (PPA) signed by states with Tata Power, Essar Power, and Adani Power for a power unit in Gujarat’s Mundra. Praveer Sinha, chief executive officer and managing director of Tata Power, tells Amritha Pillay that he expects the new resolution will help cut down Mundra losses by half. Edited excerpts:

How did various stakeholders in the project arrive at the latest resolution?

A committee was formed and asked to examine various things. It met a number of times and heard all stakeholders. To be fair, they said