Power plant companies quote higher tariff in the latest round of auctions

The high bids took the sector by surprise as it expected a lower tariff following changes in auction rules by the Centre, heeding to the demands of power companies.Fifteen power plants of companies like JSW Energy, Jaiprakash Associates, Jindal Power, Sembcorp Gayatri and Essar Power bid for securing the threeyear power purchase agreements (PPAs) with states.