The electricity regulator's order for compensatory tariff to the power producers may cost close to Rs 2,400 crore per annum to the utilities of five states besides compensating Rs 329 crore to Tata Power and Rs 829 crore to Adani PowerBSE -1.13 % for the past losses, customers of the plants have estimated.
The burden of higher power tariff may be neutralised to some extent for utilities of Maharashtra, Gujarat, Haryana, Rajasthan and Punjab depending on their share of profit from mining operations and third party electricity sale by these two firms.
"According to the indicative numbers, Tata Power will charge 52 paisa more per unit, which translates to Rs 1,400 crore per annum for ultra mega power project. Adani Power that will charge 85 paisa per unit more to Gujarat and 36 paisa more to Haryana, will get close to Rs 1,000 crore a year from 2,424 MW of electricity sale to the two states next fiscal," a top official with one of the state utilities said.
He said the true picture will emerge after discoms share details of their mining and power business. The state utilities are yet to factor reduced return on equity, as directed by the regulator.
They will also adjust revised rate of returns on equity, as directed by the power producers. Tata Power and Adani Power feel the regulatory order will partly compensate their higher costs.
Tata Power said it does not expect the CERC order to offset the impact of devaluation of the Indian rupee and higher interest payout of Rs 200 crore per annum. Read more..
The burden of higher power tariff may be neutralised to some extent for utilities of Maharashtra, Gujarat, Haryana, Rajasthan and Punjab depending on their share of profit from mining operations and third party electricity sale by these two firms.
"According to the indicative numbers, Tata Power will charge 52 paisa more per unit, which translates to Rs 1,400 crore per annum for ultra mega power project. Adani Power that will charge 85 paisa per unit more to Gujarat and 36 paisa more to Haryana, will get close to Rs 1,000 crore a year from 2,424 MW of electricity sale to the two states next fiscal," a top official with one of the state utilities said.
He said the true picture will emerge after discoms share details of their mining and power business. The state utilities are yet to factor reduced return on equity, as directed by the regulator.
They will also adjust revised rate of returns on equity, as directed by the power producers. Tata Power and Adani Power feel the regulatory order will partly compensate their higher costs.
Tata Power said it does not expect the CERC order to offset the impact of devaluation of the Indian rupee and higher interest payout of Rs 200 crore per annum. Read more..
Source: News in Hindi
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