Reliance Power to save Rs. 7,500 crore as CERC approves higher tariff

“The CERC has approved change in law during operations petition filed by Sasan Power Ltd,” the company said in a regulatory filing.

Reliance Power is planning to save Rs. 7,500 crore from 4000-MW Sasan UMPP as the power regulator, Central Electricity Regulatory Commission (CERC), has allowed the firm to increase tariff by 9 paise per unit or 7 per cent, according to reports.

“The CERC has approved change in law during operations petition filed by Sasan Power Ltd,” the company said in a regulatory filing.

The CERC’s order clearly establishes the principles of change in law in line with the terms of the power purchase agreement between Sasan Power Limited and Procurers, which will also ease pass-through of future change in law impacts on Sasan UMPP.

“One-time compensation of Rs 271 crore is granted by the regulatory commission till July 31, 2015,” said the CERC in its order.