Aptel order: Haryana discoms move SC

Aug 21 2014, 00:34 IST
Comments 0
SummaryHaryana electricity distribution companies moved the Supreme Court on Wednesday seeking a stay on the electricity tribunal's interim order validating compensatory tariff to Tata Power and Adani Power.

Haryana electricity distribution companies moved the Supreme Court on Wednesday seeking a stay on the

electricity tribunal's interim order validating compensatory tariff to Tata Power and Adani Power. The apex court will hear the plea on August 25.

The Appellate Tribunal for Electricity (Aptel) had in July allowed Tata Power and Adani Power to recover dues from procurers on account of unforeseen rise in import cost of fuel but had said that arrears from before March 2013 cannot be recovered by the power producers.

According to an estimate, pre-March 2013 dues for Tata Power's 4,000 megawatt Mundra plant in Gujarat stand at R330 crore, while the same for Adani's 1,980-MW Mundra project in Gujarat is R830 crore.

Prior to Aptel's interim order, CERC, in April last year, had allowed Tata Power and Adani power to recover compensatory tariffs from five state discoms that have PPAs with power producers.

State discoms of Gujarat, Haryana, Punjab, Rajasthan and Maharashtra procure power from Mundra-based plants of Tata Power and Adani Power.

Ads by Google

More from Economy

Reader´s Comments
| Post a Comment
Please Wait while comments are loading...