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Tata Power expects pick-up in distribution bids after 2019 general elections

7 January, 2019 4:15 PM
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Tata Power is in focus after Brihanmumbai Electric Supply and Transport (BEST) extended the power purchase agreement (PPA) with the company. Praveer Sinha, MD & CEO of Tata Power, spoke to CNBC-TV18 about the agreement and cost structure.

Sinha said that the extended PPA continues to be on a cost-plus model.

“What BEST is also looking and what is important for Mumbai city is that it needs embedded generation to ensure the reliability of supply,� he added.

"We also expect pick-up in distribution bids post general elections", said Sinha.

Source: moneycontrol.com

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