CERC to fix provisional tariff hike

NEW DELHI: Power regulator Central Electricity Regulatory Commission (CERC) will chart out a mechanism to determine provisional increase in electricity tariff from power plants that install emission control equipment, in some relief to power companies and lenders.

However, lenders and power companies have said that most projects have not placed orders for the equipment and hence it was not possible for them to complete retrofitting these equipment by 2022.

Some financial institutions have sought the government’s intervention in advancing the deadlines by two years. While state-run power generating companies and PSUs including NTPCNSE 0.21 % have placed orders for the equipment, private companies are yet to catch up. Private companies have said lenders were not comfortable in lending to the stressed