Aptel

In May, Tata Power approached the APTEL seeking a stay on the multi-year tariff (MYT) for 2023-24 and 2024-25 issued by the Maharashtra Electricity Regulatory Commission (MERC).

Govt proposes amendments to Electricity Rules, 2005 to make power sector financially sustainable

The proposed amendments to the Electricity Rules, 2005 are targeted interventions for issues ranging from discoms' financial health, transmission for upcoming green hydrogen and renewable energy plants, open access charges and unnecessary appeals in the APTEL, Alok Kumar, secretary, Ministry of Power, told Moneycontrol.

Power bills in Delhi to rise up to 9.42% as DERC hikes key surcharge

Delhi's minister for power Atishi said consumers who get free electricity up to 200 units will have no impact from the hike in surcharge. At least 1.9 million consumers of BSES Yamuna Power Limited will have to pay 9.42 percent more towards their electricity bills

APTEL approves acquisition of Prayagraj power project by Tata Power JV

APTEL has upheld approval granted for transfer of 75.01 percent ownership of Prayagraj power project to Renascent Venture but without any reduction of adopted tariff, the company said in a statement.

'SC order on power sector regulators positive for producers'

"The recent SC orders...is a positive regulatory development for generation entities, which are in dispute with off-takers over the review of tariff, arising out of reasons/events which are uncontrollable," Icra said in a statement.

APTEL disallows compensatory tariff for Adani Group's plants

"Since the Maharashtra Electricity Regulatory Commission (MERC) has come to a conclusion that the case of Force Majeure event is not made out, it could not have granted compensatory tariff to Adani Power Maharashtra (which runs Tiroda plant)," Appellate Tribunal of Electricity (APTEL) said in an order.

Positive on cement, including Sagar Cements: SP Tulsian

SP Tulsian of sptulsian.com has a positive view on cement space including Sagar Cements on the back on operating leverage of the company.

Tata Power says APTEL order grants compensatory tariff

Contrary to the market's perception of an APTEL order that is said to have struck down compensatory tariff for Tata Power and Adani Power, Anil Sardana, MD of the former says the market has got it wrong and termed the order a "vindication" for the company.

APTEL says no to compensatory tariff for Tata, Adani Power

CERC in February 2014 had ruled that Tata Power and Adani will be allowed to increase tariffs temporarily to compensate for additional fuel costs that they were incurring due to expensive coal imports in their plants in Mudra, Gujarat.

Rel Power up 4%, Sasan UMPP to get Rs 850 cr post APTEL order

"APTEL order now paves the way for Sasan Power to recover unpaid amount of nearly Rs 850 crore from procurers. Sasan will also be entitled to nearly Rs 200 crore of carrying cost as per power purchase agreement," says the company in its filing.

Lanco Infratech up 10%, to get tax refund post SC order

Lanco Infratech said it got a favourable order from the Supreme Court on October 16 for its subsidiary Lanco Kondapalli Power (LKPL).

Adani Power can use change of intn'l law argument, says SC

Adani had sought to raise arguments of "force majeure" and "change in law" with respect to change in Indonesian coal laws, saying it had affected its cost of coal

TPC-RInfra porting row: APTEL flays MERC decision

The Maharashtra Electricity Regulatory Commission (MERC) had last year, ordered transfer of RInfra's 7.92 lakh low-end residential consumers with a monthly power consumption of up to 300 units to Tata Power's distribution arm from November 1 last year.

APTEL upholds users' interest in switching to Tata Power

The APTEL today observed that though it has not laid distribution network for supplying power to residential consumers of RInfra, Tata Power has not resorted to cherry picking, the Tata Group company said attributing the information to the order passed by the tribunal, which is yet to be uploaded on its website.

Tariff case: GSPL surges 6% after appellate rules in favour

Shares in Gujarat State Petronet Ltd (GSPL) climbed about 6 percent to Rs 113 in early trade Thursday, a day after the Appellate Tribunal for Electricity overturned an order passed the Petroleum and Natural Gas Regulatory Board (PNGRB) in a case relating to tariff paid to the company for its high pressure gas grids.

Maha CM writes to PM on state's worsening power situation

According to sources, in his letter to PM, Chavan has requested for a meeting of chief ministers of five states to find solution on Tata and Adani Power‘s compensatory tariff dispute.

Power tariff logjam: Coal-starved states meet Piyush Goyal

Power ministry feels that the power purchasing pacts entered between procurers and developers are legally enforceable, which should be governed by its terms and conditions.

'Still building compensatory tariffs for Tata Power, Adani'

Kotak Institutional Equities Research's current estimates for Tata Power and Adani Power continue to build compensatory tariffs for both, as the same are economically affordable, though it sees increased risks of the apex court taking a high principled stance on compensatory tariffs.

SC stays Aptel's interim order on compensatory tariff

Aptel in July had allowed Tata Power and Adani Power to recover dues from procurers on account of unforeseen rise in import cost of fuel

Gujarat State Petronet jumps 4.5% on PNGRB tariff order

Regulator Petroleum & Natural Gas Regulatory Board (PNGRB) raised the natural gas pipeline tariff for Gujarat State Petronet's 2,239 kms high pressure gas grid network by 11 percent to Rs 26.58 per mmbtu, effective from July.

Tamil Nadu solar power rider dropped

The Tamil Nadu government's solar policy isn't working out as per plan. According to the policy, heavy power consumers were to meet 6 percent of their total power consumption from solar energy by January 2014.

APTEL stays MERC order on cross subsidy surcharge

"If the MERC order to increase CSS (cross subsidy surcharge) is not stayed, the appellants (Tata Power and others) will have to pay surcharge which is increased by four to ten times for commercial consumers in LT and HT categories, respectively," APTEL said in its order.

APTEL quashes RInfra's appeal against MERC order

The Appellate Tribunal for Electricity (APTEL) has quashed Reliance Infrastructure's appeal against the adverse remarks made by the Maharashtra Electricity Regulatory Commission (MERC).

ICRA revises rating for NCDs, bank lines of PTC India

ICRA has revised the rating from [ICRA]A+ to [ICRA]A assigned to Rs 700 crore Non-convertible Debenture (NCD) programme and Rs 425 crore long term bank lines of PTC India Financial Services Limited (PFS). The outlook on the long-term rating is 'Stable'.