SC gives CERC 8 weeks to decide on revised tariffs for 3 Gujarat power cos

The Tata Power, Adani Power and Essar Power plants had bid for a fixed tariff to win the projects, but those tariffs turned unviable after Indonesia changed its coal pricing regulations

India's top court Monday directed the federal electricity regulator to decide within 8 weeks on approving revised tariffs for three power producers in the western state of Gujarat due to increased cost of imported coal.     

The Gujarat government sought the top court's intervention to implement a state government panel's report that recommended implementing a cost-reflective tariff, which would mirror any increase or decrease in input costs. The plea also includes a provision to extend the contract period for the plants run by Tata Power Co, Adani Power Ltd and Essar Power.

The two judge Bench led by Rohinton F Nariman