SC asks CERC to review PPAs of three Gujarat TPPs

The Supreme Court has asked the Central Electricity Regulatory Commission (CERC) to review the power purchase agreements (PPAs) of three thermal power plants (TPPs) of Adani Power Limited, Tata Power Company Limited and Essar Power Limited in Gujarat. The court said that its April 2017 order denying compensatory tariffs will not come in the way of implementing a fuel cost pass-through in tariffs, as recommended by the Gujarat government’s high-level committee. The apex court has asked the CERC to come out with the necessary amendments in the PPAs in the next eight weeks. The three TPPs, with a total capacity of 9,940 MW, recorded accumulated losses of Rs 212 billion as of March 2018.

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