Relief for Adani on higher coal cost

The Maharashtra Electricity Regulatory Commission (MERC) on Wednesday allowed 57 paise extra per unit for power to be supplied over and above the 520 Mw from Adani Power‘s Tiroda units 2 and 3 in Maharashtra’s Gondia district.

MERC clarified this was a temporary relief over and above the levelised power purchase agreement (PPA) rate of Rs 2.642 per unit for power supplied from these units beyond the first 520 Mw. The total generation capacity is 1,320 Mw.

This temporary charge will be applicable either for a maximum of one year from Wednesday or until a decision is taken on the recommendations by an in-house commitee, MERC said.

The order is on the lines of the interim relief provided by the Central Electricity Regulatory Commission to Tata Power and Adani Power.

MERC’s ruling on a petition filed by Adani Power said interim relief had been granted keeping in mind the interests of consumers, to safeguard the interest of the lenders and to promote a positive investment climate in the power sector. Further, MERC has directed Adani Power and Maharashtra State Electricity Distribution Company (MahaVitaran) to set up a committee to look into the issue of compensatory charges, to provide temporary financial relief to Adani Power. Adani Power had approached MERC for adjudication of the dispute pursuant to the termination of its PPA with MahaVitaran.

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