Tuesday 23 April 2019
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business-standard - 8 days ago

CERC nod for higher tariff for Adani Power s Mundra plant a positive measure: Icra

Power regulator CERC s decision to approve higher tariff for Adani Power (Mundra) Ltd is a positive measure for affected imported coal-based independent power producers, rating agency Icra said on Wednesday. The tariff relief approved under the supplemental PPAs (power purchase agreements) by the Central Electricity Regulatory Commission (CERC) will significantly reduce the losses faced by APML and improve viability of the project, Icra said in a statement. The CERC in its order on April 12, 2019, had approved the supplemental PPAs signed between Adani Power (Mundra) Ltd (APML) and Gujarat Urja Vikas Nigam Ltd (GUVNL) for 2,000 MW power supply. The supplemental PPAs allow pass-through of imported coal cost by the APML, subject to certain covenants. While approving these PPAs, the CERC has considered the importance of the project in meeting the state power requirements and the cost competitive rates offered by the project even after the pass-through of higher imported fuel cost, the ...


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