The Supreme Court has said that power distribution firms cannot raise preset power tariffs if fuel becomes costlier due to changes in laws overseas. The apex court set aside rulings by the appellate tribunal and asked the electricity regulator to consider the matter afresh keeping in mind the government’s revised coal allotment and power tariff guidelines.
Tata Power’s wholly owned subsidiary Coastal Gujarat Power Ltd and Adani Power had originally moved the Central Electricity Regulatory Commission (CERC) seeking higher tariff on the grounds that their input costs had gone up due to rupee devaluation and higher
Disagreed with the contentions of these firms a bench of Justices P C Ghose and R F Nariman said that an unexpected rise in coal price would not absolve the firms from adhering to the contract as they had knowingly taken the risk while submitting their bids.
The Central Electricity Regulatory Commission, CERC had ruled in 2013 that both companies could claim a higher tariff to compensate for the increase in coal prices which was upheld by the Appellate Tribunal for Electricity APTEL last year. The two-judge bench set aside the APTEL and CERC rulings.
Mr Singh wondered if a person was having valid Indian passport, how can he be a spy . The Home minister echoing the sentiments of the entire House said the action of the Pakistan is a sinister design.
Earlier, cutting across party lines all the leaders demanded Kulbhushan should be brought back to country and said Pakistan should be exposed internationally.