The Supreme Court on Tuesday validated Adani Power’s claim for compensatory tariff from state-owned discom Gujarat Urja Vikas Nigam (GUVNL) for additional costs incurred in supplying power from its imported coal-based Mundra plant, after the Gujarat Mineral Development Corporation (GMDC) reneged on its promise to supply local coal from Mogra-II coal block in Chhattisgarh.
The court asked the central power regulator to issue the relevant tariff order within three months after the power major approached it with a plea. Analysts estimate the compensation could be in the range of Rs 4,500-6,000 crore (including carrying costs) for the supplies in the 2012-2018 period.
