Adani Power can use change of intn’l law argument, says SC
In a marginal relief for Adani Power , the Supreme Court has allowed the company to raise the issue of change in international law to defend compensatory tariff before the Appellate Tribunal for Electricity (Aptel) Adani had sought to raise arguments of “force majeure” and “change in law” with respect to change in Indonesian coal laws, saying it had affected its cost of coal. However, the Supreme Court has ruled that Adani cannot use the argument to seek tariffs higher than compensatory tariff fixed by CERC.
Adani had argued for a tariff higher than compensatory tariff prescribed by CERC. The matter of compensatory tariff will now be heard by Aptel. In an interview to CNBC-TV18, Pramod Deo Former Chairman of CERC and Ashok Khurana, Director-General of Association of Power Producers spoke about the final order of the Appellate Tribunal for Electricity (Aptel) versus Adani, Tata Power case.