Stressed power assets: Gujarat seeks relief for Tata, Essar, and Adani

Moves Supreme Court for direction to CERC to allow power tariff increase

In a move that could help revive the stressed projects of Tata Power, Essar Power, and Adani Power, the Gujarat government is seeking Supreme Court direction to the Central Electricity Regulatory Commission (CERC) to amend their power purchase agreements. 

The state government has submitted the report of a high-powered committee (HPC) to the Supreme Court. The report suggests relief to power companies. The Supreme Court on Friday adjourned the matter to October 26 and said it would hear every party involved — the states, consumer representatives, etc.

The committee, set up under the directive of the CERC, had come up