In two separate orders in February, CERC spelt out how Tata and Adani power would be compensated for the impact of post-September 2011 hike in the Indonesian coal price on the viability of their Mundra (Gujarat) power stations. Utilities from the five states have been directed by the CERC to pay Rs 329.45 to Tata Power and Rs 829 crore to Adani Power in 36 monthly installments.
For now, the matter has been listed for hearing on May 22. Appeals on behalf of Gujarat and Maharashtra are yet to come before the electricity tribunal.
Meanwhile, another notice on the same order has also been issued to CERC and the two private power firms on a plea filed by an NGO Energy Watchdog. For now, the tribunal has questioned the locus standi of Anil Kumar, secretary, Energy Watchdog, to approach the tribunal seeking remedy against the order. Energy Watchdog's plea has been put up for hearing on May 6.