Tata Power Wednesday said the Central Electricity Regulatory Commission's (CERC) order of compensatory tariff for its Mundra (Gujarat) project is likely to come by December-end.
"I am hoping that by end of December we could hope for the order," Tata Power Managing Director Anil Sardana told a television news channel here.
"CERC has finished the hearings, and Maharashtra Electricity Regulatory Commission has just submitted their affidavit a few days back on November 26 and now they have given time for us to file an affidavit to give our rejoinder on that affidavit. After that perhaps they will take another two-three weeks," Sardana said.
A Tata Power subsidiary, Coastal Gujarat Power (CGPL), had petitioned CERC seeking relief owing to the massive rise in cost of coal being imported from abroad.
The company has an agreement with the Maharashtra government for sale of power.
The CERC had, in April, allowed Adani Power to raise tariff from its 4,620-MW Mundra ultra mega power project, to compensate for the unexpected increase in the fuel price.
Both projects have a huge component of imported coal and had filed petitions with the CERC for tariff revision.
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