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The Supreme Court on Tuesday allowed Adani Power to argue its case in the Appellate Tribunal For Electricity. Adani’s case is for a higher rate for the power supplied to Haryana’s distribution companies.
The firm wants a higher rate as the coal from Indonesia has become costlier due to “unforeseeable and unprecedented” factors, including a change of law.
The Supreme Court also asked Adani not to seek a cancellation of the contract, because of the change in the situation. So, all the pleas will go back to Aptel for a second time.
The litigation, which shuttled between Aptel and the Supreme Court, started when the Central Electricity Regulatory Commission had allowed Adani’s plea for a higher rate two years ago, and the discoms had opposed it.
