APTEL Allows Adani Power Arm To Charge Higher Coal Cost From Rajasthan Discoms

Adani Power Ltd. on Tuesday said Appellate Tribunal for Electricity has allowed its subsidiary Adani Power Rajasthan to charge a higher cost of coal regarding a 1,200-MW power supply agreement with distribution companies of Rajasthan.

The tribunal has allowed the compensation due to the shortage of domestic coal, the company said in a regulatory filing.

"Appellate Tribunal for Electricity has issued a judgement, allowing the claim of compensation for non-availability/shortage in linkage coal supply from Coal India Ltd., and use of alternate coal by the company's wholly-owned subsidiary, APRL in respect of Power Purchase Agreement of 1200 MW signed with distribution companies of Rajasthan," a BSE filing said.

APTEL has allowed compensation for domestic coal shortfall arising from change in law pertaining to the New Coal Distribution Policy, 2007, and the Scheme for Harnessing and Allocating Koyala (Coal) Transparently in India policy of the Government of India (SHAKTI Policy).

In addition to this, the company said that the APTEL has also granted carrying cost pertaining to the above.

The APTEL has further directed the discoms to pay to APRL, the balance amount of change in law compensation pertaining to NCDP along with carrying cost within two months from the date of Judgement and the claim pertaining to the period after the grant of coal linkage under the SHAKTI Policy, along with carrying cost within three months of submission of claim along with requisite documents by APRL.