In a setback to Tata Power, the Supreme Court on Wednesday dismissed the company’s challenge to the Maharashtra Electricity Regulatory Commission’s (MERC’s) decision to award a Rs 7,000-crore transmission project near Mumbai on a nomination basis to Adani Electricity.
The court upheld the order by the Appellate Tribunal for Electricity (APTEL) in this case and directed all State Electricity Regulatory Commissions (SERCs) to frame guidelines on tariff determination in accordance with Section 61 of the Electricity Act and the national policy.
The verdict has implications for the Mumbai power market, said Ashok Pendse, an energy expert based in the city.