September 13, 2013 / 12:31 IST
Moneycontrol Bureau
Shares of
Adani Power (up around 5 percent) and
Tata Power (up 3 percent) saw buying interest in early morning trade on Friday as Central Electricity Regulatory Commission (CERC) is likely to decide compensatory tariff rate today.
The power regulator has asked discoms to submit views on Deepak Parekh report. The
Deepak Parekh panel had recommended a compensatory tariff of 45-55 paise for its 4,000 MW Mundra plant and a tariff increase to the tune of 60 paise for its 4,620 MW Mundra plant. Out of the 4620 MW, the 1500 MW PPA signed with Haryana is also expected to get a tariff increase by 90 paise/unit.
A committee, headed by HDFC Bank Chairman Deepak Parekh was formed to decide the amount of compensation, on CERC’s direction.
Adani Power was quoting at Rs 36.05, up Rs 1.10, or 3.15 percent on the BSE while Tata Power was at Rs 77.75, up Rs 1.20, or 1.57 percent.
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