Gujarat Urja Vikas Nigam (GUVNL) has decided to approach the Supreme Court seeking to review its decision that allows cancellation of power purchase agreement (PPA) between Adani Power and the state discom for 1,000MW supply from the company’s Mundra unit.
The apex court on July 2 also validated Adani Power’s claim for compensatory tariff from GUVNL for additional
costs incurred in supplying power from its imported coalfired Mundra plant. Adani won the case in the SC based on one letter of intent issued by GMDC to Adani Power for supply of coal, said sources in the state government.
The SC has directed the Central Electricity Regulatory Commission to ascertain the amount payable to Adani Power as compensatory tariff within three months. GUVNL will have to cough up a huge sum, according to a state government official. Read More
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