Adani Power has received Maharashtra Electricity Regulatory Commission’s (MERC) nod for compensatory tariff of Rs 1.01 a unit for its 1,320 Mw Tiroda power project in the state.
This will be above the tariff of Rs 2.67 a unit according to the power purchase agreement between Adani Power Maharashtra (APML) and the Maharashtra State Electricity Distribution Company (MahaVitaran). However, MERC has proposed a reduction of 20 per cent in return on equity. Thereby, the total power purchase cost from the 800 Mw for MahaVitaran works out to Rs 3.56 a unit.
However, MERC said that the indicative compensatory energy charge would be reduced when APML progressively secured 100 per cent domestic linkage coal for 800 Mw.
Adani Power is engaged in the business of generation, accumulation, distribution and supply of power and to generally deal in electricity and to explore, develop, generate, accumulate, supply and distribute or to deal in other forms of energy from any source whatsoever.
