New Delhi: The Central Electricity Regulatory Commission (CERC) has approved higher tariff for Adani Power’s 2,000 MW capacities at its Mundra power plant. The power plant was facing hardships after compensatory tariff was disallowed by the apex court in April 2017.
Adani Power has been seeking to pass through higher cost of imported coal to run this plant. The cost of fuel rose after Indonesia changed its regulations. “The Commission in exercise its powers under Section 79 (1) (b) of the Act read with Article 18.1 of the PPAs (power purchase agreements) approves the Supplemental PPAs to Bid-01 PPA & Bid-02 PPA,” the CERC order said.