Comments
Adani Power on Tuesday said that electricity tribunal APTEL has allowed its subsidiary Adani Power Rajasthan to charge a higher cost of coal for a 1,200-MW power supply agreement with distribution companies in Rajasthan.
The tribunal allowed the compensation due to shortage of domestic coal, the company said in a regulatory filing.
“The Appellate Tribunal for Electricity (APTEL) has issued a judgement, allowing the claim of compensation for non-availability/shortage in linkage coal supply from Coal India, and use of alternative coal by the company’s wholly-owned subsidiary, APRL, in respect of the Power Purchase Agreement (PPA) of 1200 MW signed with Distribution Companies of Rajasthan,” a BSE filing said.
APTEL has allowed compensation for domestic coal shortfall arising from change in law pertaining to the New Coal Distribution Policy, 2007 (NCDP), and the Scheme for Harnessing and Allocating Koyala (Coal) Transparently in India (SHAKTI) policy.
In addition to this, the company said that APTEL has also granted carrying cost pertaining to the above.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.