CERC returns Parekh panel report on Tata, Adani tariff relief

Tata Power and Adani Power may have to wait longer for relief to their imported coal based plants as the Central Electricity Regulatory Commission ( CERC) has returned the recommendations submitted by a panel headed by Deepak Parekh that proposed increasing tariff for plants at Mundra in Gujarat saying the reports were not signed by all members of the committee.

The members of the committee include states that buy power from the projects and getting their signatures could be a long process.

The panel, appointed by Central Electricity Regulatory Commission (CERC) to suggest tariff hike for the two 4,000-mw projects of Tata Power and Adani Power, submitted its report on August 16.

The panel suggested a tariff hike of 45-55 paise per unit for Tata Power's 4,000-mw ultra mega power project and upto 60 paise per mw for Adani Power's project of the same capacity.