PATIALA: Following a up to date Supreme Court verdict, Tata Power has written to Punjab, Haryana and different states in quest of an modification to the ability purchase settlement (PPA) according to the suggestions of the prime power committee constituted by the federal government of Gujrat.

While, in its letter sent to Principal Secretary Power, Punjab, Tata Power has claimed that in spite of the predicted tariff revision the company will make really extensive losses, however the three-member prime power committee document, according to which the Supreme Court had passed the orders, has claimed that the three power vegetation together with the 4,000 MW Coastal Gujarat Power Limited of Tata Power, 4,620 MW at Mundra, Adani Power Mundra Limited and 1,200 MW Essar Power Gujarat Power Limited at Salaya would get a blended advantage of Rs 1.29 lakh crore within the subsequent 30 years if the suggestions are carried out.

As in keeping with the claim made by Tata Power, the tariff revision shall be within the vary of Rs 3 in keeping with unit which is Rs 1 the lower than reasonable power purchase prices. A 50 paise in keeping with unit deduction from power fees had been allowed as a lenders contribution of 20 paise in keeping with unit and 30 paise in opposition to profit from coal mines.

The Gujarat govt had approached the Supreme Court for instructions according to the document of an expert panel that urged changing the ability purchase agreements (PPAs).

Earlier, in April 2017, the Supreme Court had rejected the claims of these power suppliers on the grounds that there is not any pressure majeure exchange within the power purchase agreements.

To bail out these power manufacturers, Gujarat govt constitutes a three-member committee which its document according to which the Supreme Court passed the new orders directing the Central Electricity Regulatory Commission (CERC) to get to the bottom of the issue that had arisen because of upward push in the cost of imported Indonesian coal that used to be used at these power vegetation.

In its letter, Tata Power said that it were supplying power to the entire procurer states since 2012, however, because of the promulgation of the Indonesian Regulations 2010 and the ensuing build up in the cost of Indonesian coal, these vegetation started struggling huge monetary losses. Tata Power’s lone losses have amassed to Rs 8000 crores until March, 31, this yr, making the operation of the plant unsustainable, the letter has claimed.

The Gujarat govt in July this yr constituted a High Powered Committee HPC comprising of R Ok Agrawal, former Justice of Supreme Court of India, S S Mundra former Deputy Governor of Reserve Bank of India (RBI)) and Pramod Deo, former Chairman of Central Electricity Regulatory Commission (CERC) to make suggestions for resolving the problems pertinent to the imported coal­ based totally power vegetation positioned in Gujarat.

The HPC analysed and examined the entire problems and according to consensus and submitted its suggestions to the Gujarat govt in October 2018 subsequent to which the Gujarat govt approached the Supreme Court in quest of approval on amending the prevailing PPAs of these power vegetation. The SC in its order dated October 29, 2018, directed CERC to behave expeditiously in this matter approve the proposed amendments to be made to the prevailing PPAs with a length of 8 weeks.

Tata power is supplying power from 4000 MW from its Mundra ultra mega power plant (UMPP) to Gujarat (1805MW), Maharashtra (760MW), Rajasthan (380MW) Haryana (380MW) and Punjab (475MW). Adani Power signed long-term power purchase settlement(PPA) of 25 years with Haryana for 1424 MW in 2010 while Tata power has PPA with Punjab for 475 MW and with Haryana for 380 MW.

Now the unbiased power manufacturer has requested the spouse state governments to direct their respective power corporations to agree for revising the PPAs and jointly put up the same to the Central Electricity Regulatory Commission for processing.

Courtesy by : Ideal News