CERC sets precedent, offers relief to Adani’s imported coal fuelled Gujarat project
New Delhi: In a move that may set a precedent and raise electricity tariffs, India’s apex power sector regulator on Friday approved the revised power purchase agreements (PPAs) for billionaire Gautam Adani’s promoted Adani Power Ltd’s Gujarat plant on account of the unexpected increase in the prices of imported coal.
With the issue hanging fire since 2012, the Central Electricity Regulatory Commission (CERC) approved the revised power purchase agreements that entails changes in the fixed and variable costs of the tariff components from the Mundra power plant.
