Power sector regulator CERC admits Sasan Power’s petition seeking tariff revision
Power sector regulator CERC today admitted a plea of Reliance Power’s subsidiary for upward revision of tariff from its under-construction Sasan ultra-mega power project in Madhya Pradesh.
Sasan Power Ltd, the special purpose vehicle of Reliance Power set up to build this 4,000 MW project, filed a petition with CERC seeking tariff revision for the plant on account of rise in user charges.
The Commission today admitted their petition, but the date of hearing is yet to be decided.
Reliance Power bagged this project in 2007 in an international tender quoting the lowest ‘levelised’ tariff of Rs 1.19 per unit for 25 years.
As per the Power Purchase Agreement (PPA) between the developer of the project and procurer of electricity, the company can approach CERC for any Change in Law.