In August, the power ministry allowed Adani to sell electricity from the plant into India, but its location in a designated special economic zone, or SEZ, is hampering those domestic sales, sources said. Unless the trade ministry grants an exemption, they said, the power produced would be considered imported and subject to a tax.
As part of that request, the company is also asking to keep a waiver on customs duty applied to the imported coal that it uses to fire the 1.6-gigawatt facility, said the sources.
Without these concessions, the power becomes effectively impossible to sell to India's price-sensitive consumers.
Adani Power didn't respond to an emailed request for comment.
This story is from the December 11, 2024 edition of Financial Express Lucknow.
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This story is from the December 11, 2024 edition of Financial Express Lucknow.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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