Coastal Gujarat Power Limited: Public Gains, Private Losses
A 2010 global event had far-reaching effects on the Indian energy sector, when a change in Indonesian law affected the commercial viability of power plants in India that were based on imported Indonesian coal. There were serious implications for private participation in the electricity sector, which was slowly moving toward liberalization and privatization. The issue was convoluted and became all the more serious when, in 2017, a compensatory tariff allowed by regulatory bodies to provide relief for the increased coal prices was disallowed by the Supreme Court of India within the contractual framework. Swapnil Garg is affiliated with Indian Institute of Management Indore.