New Delhi Adani refused power supply to GUVNL due to rising coal prices

The Supreme Court on Monday admitted Adani Power’s appeal against the Appellate Tribunal for Electricity’s order asking it to supply power to state utility Gujarat Urja Vikas Nigam Ltd (GUVNL) at an agreed price of R2.35 per unit for 25 years. Adani Power had, in December 2009, terminated its 2007 power purchase agreement (PPA) with the state utility for supply of 1,000 mw power on the grounds that it would not be possible to supply electricity at the earlier agreed tariff of R2.35 per unit due to high coal prices.