Tata Power gets Rs 329 cr compensation

Electricity regulator CERC has allowed higher tariff and compensation of Rs 329.45 crore for Tata Power’s 4,000 MW Mundra project to compensate increase in price of imported coal.

It has directed five states that procure electricity from the Mundra plant to pay a compensation of Rs Rs 329.45 crore for the period from April 1, 2012 to March 31, 2013.

Besides, a compensatory tariff of Rs 0.524 per kWh has been granted for the project from the period beyond April 1, 2013, Central Electricity Regulatory Commission (CERC) said in an order on Saturday.

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