State-owned discom Gujarat Urja Vikas Nigam (GUVNL) said it needs more time to ascertain the compensation to be paid to Adani Power’s Mundra plant as it feels there are ‘data gaps’ between the cost of imported Indonesian coal claimed by the company and actual prices.
GUVNL’s lawyer’s said the company is claiming the fuel cost based on Indonesian benchmarked prices, while coal is being exported from Indonesia at lower than benchmark rates. The coal price claimed by Adani is also higher than the price reported by Tata Power’s Coastal Gujarat Power for similar quality of coal imported from Indonesia.
