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Tariff relief for affected power projects a positive but implementation timeline unclear: ICRA

Lower imported coal dependence and tariff relief for affected projects are a positive for the power sector but timeline for implementation of tariff relief still unclear, research firm ICRA today said in a report.It said the order issued by the Central Electricity Regulatory Commission was positive where it approved tariff relief under ‘force majeure’ for the imported coal-based power projects of Adani Power and Coastal Gujarat Power (Tata Power), affected by the change in regulations in Indonesia.“However, the implementation of this order is subject to approval by the Supreme Court of India and thus, timelines of its implementation are not clear. Further, the tariff relief, as per this order, is estimated to be lower than the actual fuel c.....

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