SC upholds power discoms plea
In a judgement that could further escalate the electricity tariff in the capital, the Supreme Court on Thursday upheld the plea of power discoms to retain their depreciation value at 6.69 per cent and not 3.75 per cent as ordered by the Delhi Elec...
By PTI |
NEW DELHI: In a judgement that could further escalate the electricity tariff in the capital, the Supreme Court on Thursday upheld the plea of power discoms to retain their depreciation value at 6.69 per cent and not 3.75 per cent as ordered by the Delhi Electricity Regulatory Commission.
A Bench of Justice S H Kapadia and B Sudarshan Reddy dismissed the DERC appeal which had challenged the Appellate Tribunal of Electricity's (ATE) order which had held that the depreciation should be fixed only at 6.69 per cent.
The judgement in effect means that the government would have to pump an estimated additional Rs 300 crore for meeting the enhanced depreciation value for the power sector companies.
A Bench of Justice S H Kapadia and B Sudarshan Reddy dismissed the DERC appeal which had challenged the Appellate Tribunal of Electricity's (ATE) order which had held that the depreciation should be fixed only at 6.69 per cent.
The judgement in effect means that the government would have to pump an estimated additional Rs 300 crore for meeting the enhanced depreciation value for the power sector companies.
Start a SIP with as low as ₹500 with ET Money App!
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
