India’s Gujarat Seeks to Lower Solar Power Tariffs
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India’s Gujarat state, home to half the nation’s solar power-plant capacity, is seeking to cut the rate it pays to projects, citing the owners’ excessive profits.
Gujarat Urja Vikas Nigam Ltd., the state-run bulk buyer of solar power, submitted a petition to regulators because of the “unjustified and windfall gains” by plant owners, according to a copy obtained by Bloomberg News and confirmed by P.K. Mishra, chairman of Gujarat Electricity Regulatory Commission.