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Haryana to pay more for power purchase from Adani Group
Adani Power Ltd. is now entitled to charge more from Uttar Haryana Bijli Vitran Nigam Ltd. and Dakshin Haryana Bijli Vitran Nigam Ltd. to recover the higher costs on account of increase in the price of imported coal from Indonesia, according to a Central Electricity Regulatory Commission (CERC) order issued on Tuesday.

The implementation of the order is subjected to an appeal pending in the Supreme Court.

The impact of this increase will be from the date of occurrence of the force majeure events and its compensation billing will be receivable effective respective months.

The Appellate Tribunal for Electricity (APTEL), in April, decided that an unforeseen increase in the cost of coal would be a force majeure event under their power purchase agreements (PPAs) and asked the CERC to grant relief in accordance with their PPAs.

The Uttar Haryana Bijli Vidyut Nigam Ltd and Dakshin Haryana Bijli Vidyut Nigam Ltd. signed power purchase agreement with Adani on August 7, 2008 for supply of 1424 MW power. 

As per PPA, 70% of contracted capacity of is based on domestic coal supplies by CIL and balance 30% of contracted capacity is based on imported coal to be procured from Indonesia.

The supply of 1424 MW of power by Adani to Haryana power utilities is at levelised tariff of Rs.2.94 per unit (Rs. 0.977/kWh as the capacity charge and Rs.1.963 per unit as the energy charge) from Units 7, 8 and 9 of Mundra Power Project.

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