STOCK MARKET BSE NSE

Tangedco Gets High Court Nod to Buy Power

Published: 08th January 2016 05:35 AM  |   Last Updated: 08th January 2016 05:35 AM   |  A+A-

CHENNAI:  The Madras High Court has permitted the Tamil Nadu Generation and Distribution Corporation (Tangedco) to enter into power purchase agreement (PPA) up to a limit of 1,500MW for 2015-16. Modifying the court’s earlier interim order, which had prohibited Tangedco from executing any PPA, Justice T S Sivagnanam, granted the permission on Thursday.

Raasi Green Earth Energy Private Limited, Bengalure, and another firm had moved the High Court for a directive to Tangedco to issue ‘Noted for Record’ letter after their requests and consequently to execute a PPA for buying power from them. 

Stay up to date on all the latest Tamil Nadu news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp