Seeking coal sourcing options to address under recovery at Mumdra UMPP
Tata Power Company announced that the Hon'ble Supreme Court conveyed its judgment on the Compensatory Tariff matter on the Mundra UMPP.The order verbally conveyed set aside the previous favourable order of Appellate Tribunal for Electricity which had allowed Compensatory Tarriff on account of Forced Majeure conditions in Indonesia. It did not mention about the use of Regulatory Powers of the Central Electricity Regulatory Commission in adjudicating Compensatory Tariff as per previous order.
The Company is studying the final order and will continue to pursue all alternative options at Coastal Gujarat Power, including sourcing of competitive coal from other relevant geographies as also use low grade and blended coal options to contain the onslaught of under recovery at Mundra UMPP.
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