CERC appointed panel recommends about 25% tariff hike for Tata, Adani plants

Tata Power andAdani Power may get to charge more for power from their imported coal based plants at Mundra in Gujarat, as a panel headed by Deepak Parekh has recommended increasing tariff by about a fourth at present fuel rates.

The panel, appointed by Central Electricity Regulatory Commission (CERC) to suggest tariff hike, submitted its report last Friday. The regulator will seek responses from the power industry before finalising, a power ministry official said.

The panel has suggested a tariff hike of 45-55 paise per unit for Tata Power’s 4,000-mw ultra mega power project and upto 60 paise per mw for Adani Power’s project of the same capacity.

The report has suggested linking the tariffs to global coal prices and the revenue generated from the coalmines that have been bought by the two companies to run the power plants, the official said.

The tariffs of the two companies are proposed to be reviewed every quarter, he said.

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