REGULATORY AFFAIRS
CERC appointed panel recommends about 25% tariff hike for Tata, Adani plants
NEW DELHI: Tata Power and Adani Power may get to charge more for power from their imported coal based plants at Mundra in Gujarat, as a panel headed by Deepak Parekh has recommended increasing tariff by about a fourth at present fuel rates.
The panel, appointed by Central Electricity Regulatory Commission (CERC) to suggest tariff hike, submitted its report last Friday. The regulator will seek responses from the power industry before finalising, a power ministry official said.
The panel has suggested a tariff hike of 45-55 paise per unit for Tata Power's 4,000-mw ultra mega power project and upto 60 paise per mw for Adani Power's project of the same capacity. ECONOMIC TIMES
News Must Read
- NCL General Manager (Finance) D Sunil Kumar recommended for SECL Director (Finance)
- Bank of Maharashtra Q4 results, Net Profit increased by 44.95 percent to Rs 1,218 crore
- Axis Bank Overtakes Kotak Mahindra Bank to Become India's Fourth Most Valued Lender
- LIC cuts stakes in major PSU stocks
- SJVN CMD Geeta Kapur Inaugurates Construction Works at Sunni Dam Project in Himachal Pradesh
- PESB Selects R Veerabahu as Director (Finance) for Braithwaite & Co. Limited
- Grew Energy bags largest order of 200 MW Contract of SECI's Auction
- CPCL Reports 39% YoY Drop in Q4 Net Profit, Declares Rs 55 per Share Dividend
- SJVN Limited inaugurates India's first Multi-purpose Green Hydrogen Pilot Project
- KRDCL, RVNL JV emerges as the Lowest Bidder for Redevelopment of Thiruvananthapuram Central Railway Station