CERC to shortly finalise orders in Tata, Adani cases
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CERC to shortly finalise orders in Tata, Adani cases

Last Updated: Thursday, February 21, 2013, 16:15
 
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CERC to shortly finalise orders in Tata, Adani cases
New Delhi: Power sector regulator CERC is expected to shortly finalise the orders on petitions moved by Tatas and Adanis seeking higher tariff for electricity generated from their imported coal-fired projects in Gujarat.

These orders from the Central Electricity Regulatory Authority (CERC) are anticipated to also provide better clarity on issues related to tariffs for overseas coal-fired projects in the wake of rising dry fuel prices.

"In both Tata Power and Adani Power (cases) we have completed the hearings... We have to finalise the order," CERC Chairman Pramod Deo told PTI in an interview.

Tata Power is seeking relief for its 4,000 MW Mundra project while Adani Power's petition is related to its plant in Mundra.

"We expect to finalise (the orders) by the end of this month or beginning of March on these cases," Deo said.

Both projects have Power Purchase Agreements (PPAs) with states under Case I bidding norms, approved by different state electricity regulatory commissions, he added.

Case I is an open bid where the developer has to decide on fuel and location and compete against any other developers.

Tata Power had petitioned CERC seeking establishment of an appropriate mechanism to cover the adverse impact of unforeseen escalation in the imported coal price due to enactment of new coal pricing regulation by Indonesia and other factors.

The company's Mundra project is expected to supply electricity to Punjab, Haryana, Rajasthan and Maharashtra, apart from the host state Gujarat.

Similarly, Adani Power had approached CERC and sought a mechanism for revising tariff on account of enactment of new coal pricing regulation by Indonesia, which resulted in escalation of coal price.

Adani Power had signed PPAs with the states of Gujarat and Haryana for supplying electricity from its Mundra plant. The total capacity of the plant is 4,620 MW.

"In the Adani case the issue was jurisdiction... There was dispute as to who has jurisdiction. We had given our view and that was also challenged through a review petition by Haryana, and on that also we have given our view," he said.

PTI




First Published: Thursday, February 21, 2013, 16:15


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