According to CoinMeta, Tata Power's CEO Praveer Sinha stated on Wednesday that the company expects to sign agreements with four Indian states soon, allowing its 4-gigawatt power plant in Gujarat to sell electricity at prices that reflect the costs, in order to cope with rising coal costs. Tata Power has been striving to adjust electricity prices to ensure the sustainable operation of its Mundra power plant. Since winning the bid to build the plant in 2006, it agreed to sell electricity at a fixed price. However, due to Indonesia's adjustment of coal pricing rules, fuel costs have risen, and the original electricity prices were no longer sufficient to cover the costs, resulting in years of losses for the plant, which has been forced to operate below its full capacity.