Regulator lets Adani raise imported coal power tariff

Adani Power had approached the CERC seeking an increase in the power tariff after utilities in Haryana and Gujarat declined to pay higher rates for electricity generated from its Mundra plant. The CERC order called for a variable compensatory tariff to be offered to Adani until the fuel price situation stabilises. Indications are that distribution utilities in Haryana and Gujarat,which have contracts to buy power from Adani,are likely to move the Appellate Tribunal for Electricity.