Comments
The Central Electricity Regulatory Commission (CERC) has returned the recommendations submitted by a high-level panel headed by Deepak Parekh that proposed increasing tariff for imported coal-based thermal stations of Tata Power and Adani Power.
“The report is sent back to the panel because it was not signed by all stakeholders,” a Government official privy to the development told Business Line . Only two members had signed the reports.
This move by the electricity commission may further delay revision electricity tariffs from stations run by Tata Power (4,000 MW) and Adani Power (4,620 MW) at Mundra in Gujarat.
Last month, the Parekh panel submitted two separate reports for the respective private power producers. These were signed by only two members – Deepak Parekh and Arundhati Bhhattacharya, Managing Director of SBI Capital Markets Ltd, who was part of the panel as independent financial analyst.
The members who did not sign included representatives from both Adani Power and Tata Power, State Government nominees as well as discoms of Gujarat, Maharashtra, Rajasthan, Punjab and Haryana.
According to industry watchers, the States may have to get the recommendations approved from their respective Cabinets. This is done to prevent any legal hurdles if CERC accepts the recommendations leading to tariff hike but the States oppose.
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.