Delhi High Court passed an order on March 20, which directed that no coercive steps shall be taken for the time being against Reliance Power by or on behalf of any of the states procuring power from the proposed Krishnapatnam UMPP being developed by the company's wholly owned subsidiary, Coastal Andhra Power.
As per Reliance Power, the change in regulations in Indonesia has impacted all imported coal based projects in India, with nearly 15000 MW capacity involving an investment of nearly Rs 75,000 crore. The issue has also been raised by the Association of Power Producers with the Prime Minister and Central Government.
The company has sent a dispute resolution notice on March 13, 2012 to all procurers for an amicable resolution of the matters as per the terms of the Power Purchase agreement between parties.
