SC order takes away Rs 1,050 cr earnings from RPower's Sasan UMPP
Following a Supreme Court judgment on Thursday, Reliance Power is set to lose the additional benefit of close to Rs 1,050 crore from Sasan Ultra Mega Power Project (UMPP). The case pertains to a four-year-old contentious issue over the commercial operating date (COD) of the 4,000-Mw plant. Consumers in four states are likely to benefit from the apex court order. The case was filed by the states that procure power from Sasan UMPP. The SC ruled against the company rejecting the COD of the UMPP. Earlier, the company had won the case in the Appellate Tribunal of Electricity, which allowed RPower to recover the amount as arrears. This followed an appeal against the ruling of Central Electricity Regulatory Commission (CERC), which quashed the pet.....