LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

Tata, Adani, Essar Power case: Experts hail SC order, say will help firms to provide power to states at competitive rates

Power sector experts have hailed the Supreme Court’s order asking the Central Electricity Regulatory Commission (CERC) to give its findings on the proposed amendments in power purchase agreements (PPAs) for the coal-based plants of Tata, Adani and Essar Power within eight weeks.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Tata, Adani, Essar Power case: Experts hail SC order, say will help firms to provide power to states at competitive rates
According to experts, this will help the companies with their plants in Gujarat to provide the necessary power to states at competitive power rates to meet their requirement. Image Source: Reuters
Written By: Sanjay Jog
Updated: Tue, Oct 30, 2018
09:28 am
Mumbai, ZeeBiz WebDesk
RELATED NEWS
Gadgets, internet to poor students: Supreme Court stays HC verdict  Gadgets, internet to poor students: Supreme Court stays HC verdict
Good news for NEET aspirants! Check out this decision by Supreme Court; general candidates with 40 percentile now 'eligible' for admission in BDS courses Good news for NEET aspirants! Check out this decision by Supreme Court; general candidates with 40 percentile now 'eligible' for admission in BDS courses
7th Pay Commission latest news: HUGE 7th CPC allowance relief for central government employees, pensioners — check details of Supreme Court order 7th Pay Commission latest news: HUGE 7th CPC allowance relief for central government employees, pensioners — check details of Supreme Court order
UPSC Last Attempt: Good news for these Civil Services aspirants - What Modi government told Supreme Court UPSC Last Attempt: Good news for these Civil Services aspirants - What Modi government told Supreme Court
SC breather for central government employees, pensioners - check how you could benefit SC breather for central government employees, pensioners - check how you could benefit

Power sector experts have hailed the Supreme Court’s order asking the Central Electricity Regulatory Commission (CERC) to give its findings on the proposed amendments in power purchase agreements (PPAs) for the coal-based plants of Tata, Adani and Essar Power within eight weeks.

According to experts, this will help the companies with their plants in Gujarat to provide the necessary power to states at competitive power rates to meet their requirement.

The power companies had sought reconsideration of their agreements to be able to pass on the compensatory tariff to consumers. The companies cited a change in Indonesian rules in 2010 as a force majeure event that raised the cost of coal imported from that country to fuel their electricity plants. A two-judge bench headed by Justice Rohinton F Nariman sent the matter back to the CERC, asking the authority to decide on all issues relating to amendments to the PPAs.

CERC’s former chairman Pramod Deo told DNA Money, “CERC has got a clear mandate. It can reopen PPA and keeping consumer interest in mind can arrive at a viable price regime for both coal and electricity for consumers.’’

Watch This Zee Business Video Here:

It will be prudent not to ignore ground realities and make an adjustment so that the overall objective of affordable power can be achieved by all stakeholders, he said. PwC partner (grid) Kameswara Rao said that it’s a pragmatic resolution that rescues critical assets by getting all parties to bear some of the burden.

Source: DNA Money

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Supreme CourtAdaniEssar PowerCentral Electricity Regulatory Commission
RELATED NEWS
Gadgets, internet to poor students: Supreme Court stays HC verdict  Gadgets, internet to poor students: Supreme Court stays HC verdict
Good news for NEET aspirants! Check out this decision by Supreme Court; general candidates with 40 percentile now 'eligible' for admission in BDS courses Good news for NEET aspirants! Check out this decision by Supreme Court; general candidates with 40 percentile now 'eligible' for admission in BDS courses
7th Pay Commission latest news: HUGE 7th CPC allowance relief for central government employees, pensioners — check details of Supreme Court order 7th Pay Commission latest news: HUGE 7th CPC allowance relief for central government employees, pensioners — check details of Supreme Court order
UPSC Last Attempt: Good news for these Civil Services aspirants - What Modi government told Supreme Court UPSC Last Attempt: Good news for these Civil Services aspirants - What Modi government told Supreme Court
SC breather for central government employees, pensioners - check how you could benefit SC breather for central government employees, pensioners - check how you could benefit

LATEST NEWS

NEET 2021 exam: Check here the latest update on dates and all you need to know for registration before appearing in the test

Gold Price Outlook – Gold, Silver prices may see further fall next week; expert tells what to do to maximise gains

Gold Price Outlook: Yellow metal falls by over Rs 11,500 in last six months; may crash much more

ITC Share Price: Experts give 'share to buy' tag; predicts up to 25% profit in three months

7th Pay Commission: Central Government Employees' Dearness Allowance (DA) to become 25 pct from April 2021?

PPF Calculator: You can double Public Provident Fund income and save income tax outgo - you will need this help

7th Pay Commission Latest News: Central government employees' alert! one mistake could cost you your LTC claim—check report

Stock Market Outlook: Anil Singhvi reveals Nifty, Bank Nifty support range, says investors should trade keeping volatility in mind

Airbag for front-seat passenger made mandatory from THIS date

3 free LPG cylinders likely again for Ujjawala scheme beneficiaries

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved