Money Saver India

New bid rules unlikely to make power cheaper

Prospects of cheap power from giant new projects have faded as private firms such as Tata Power and Reliance Power say the new bidding norms make it difficult to quote low tariffs while lenders say

Prospects of cheap power from giant new projects have faded as private firms such as Tata Power and Reliance Power say the new bidding norms make it difficult to quote low tariffs while lenders say it would be difficult to approve loans on the new terms. Go here for more.

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