Setting the path for similar relief for other power projects, the Central Electricity Regulatory Commission (CERC), on Monday, ordered a compensatory tariff package for Tata Power-owned 4,000 MW Mundra Ultra Mega Power Project (UMPP) over and above the tariff agreed in the power purchase agreements (PPAs).
Releasing its order on a petition filed by Tata Power seeking compensation in the shape of hike in tariff for the sudden rise in price of coal imported from Indonesia, the CERC said a committee should be constituted within one week comprising representatives of Principal Secretary (Power), managing directors of the distribution companies of the procurer states,