CERC allows compensation to power plants for coal imports in times of domestic coal shortage
NEW DELHI: Power regulator Central Electricity Regulatory Commission (CERC) has allowed compensation to GMR Group for running its power plant on imported coal in the event of coal shortage.
The order issued late on Thursday evening will have significant impact on the power generation industry that is grappling with stressed assets. Power plants will now be able to run their plants on imported coal if Coal IndiaNSE 1.18 % is not able to meet its commitments and claim the extra costs in electricity tariffs. The dispensation was available to power companies till March 2017.
