Adani Power’s troubled Mundra plant gets CERC relief

Adani Power’s troubled Mundra plant gets CERC relief

The Central Electricity Regulatory Authority (CERC) has granted Adani Power full compensation for the rise in the cost of electricity generation at its 4,620-MW thermal power plant at Mundra, Gujarat due to increased domestic levies on imported coal. Although the potential gains to the firm from the regulatory decision could not be immediately ascertained, it said in the petition that the assorted levies had cost it over Rs 29 crore in just one month, that is, September, 2015. Read More…

 

 

Credit By: Financial Express

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