Ignoring the terms & conditions of the Power Purchase Agreements (PPAs), the Central Electricity Regulatory Commission (CERC) on December 7, 2016 has issued an order to compensate the two power generators – Coastal Gujarat Power Ltd or CGPL (a Tata group company) and Adani Power Ltd (APL) – for hike in the coal price imported from Indonesia by way of increase in tariff. CERC has even stated that the impact of foreign exchange fluctuation should also be given to them. In its order, CERC has given detailed guidelines and formula in a table format for all the three tenders in question. The state owned discoms of five states will pay to Tatas and Adani.
