Adani Power: Uttar Pradesh Regulator Delays $2 Billion Coal Project Deal Over Cost Clarity

Overview

Uttar Pradesh's power regulator has delayed approval for Adani Group's $2 billion coal power project deal, citing a lack of clarity on costs. The deal, announced six months ago, involves supplying 1,500 megawatts of power. The regulator has directed Adani Power to be made a party to the case and submit detailed cost assessments within two weeks, with the next hearing scheduled for December 18.