Court : Appellate Tribunal for Electricity APTEL Appellate Jurisdiction
Decided on : Apr-23-2014
Rakesh Nath, Technical Member. 1. This Appeal has been filed by Nabha Power Ltd. and LandT Power Development Ltd. challenging the order dated 1.10.2012 of Punjab State Electricity Regulatory Commission rejecting the claims of the Appellants for tariff adjustment and extension of time in respect of the 2x700 MW Rajpura Thermal Power Project developed under Section 63 of the Electricity Act, 2003 pursuant to a competitive bidding process. 2. The brief facts of the case are as under: a) The Appellant no.1, Nabha Power Ltd. is a company which is a special purpose vehicle that had been set up initially by the erstwhile Punjab State Electricity Board (œElectricity Board?), for developing Rajpura Thermal Power project under the tariff based competitive bidding. The entire shareholding of Nabha Power Ltd. was subsequently transferred to M/s. LandT Power Development Ltd., the Appellant no.2 herein after having been selected as the successful bidder for the development of the project throu...
Tag this Judgment!Court : Appellate Tribunal for Electricity APTEL Appellate Jurisdiction
Decided on : Mar-05-2014
Surendra Kumar, Judicial Member. 1. This is an Appeal preferred under Section 111 of the Electricity Act, 2003 against the Order dated 9.05.2013 passed by the Central Electricity Regulatory Commission (hereinafter called the Central Commission) in Review Petition No. 7/RP/2012 filed in Petition No. 136 of 2010 wherein the Central Commission has partly allowed the review petition filed by the Appellant and reviewed the Order dated 11.01.2012 on the aspect of Interest During Construction (IDC) and Incidental Expenses During Construction ((IEDC) to be capitalized from 1.02.2009 to 31.07.2009 in respect of LILO of Ramagundam- Khammam T/L at Warangal Sub-Station (Asset 1) and 2X315 MVA Auto Transformer and 400/220 kV Bays Equipment at Warangal Sub-station (Asset 2). However the Central Commission has rejected the claim of the Appellant in the review petition on the aspect of IDC and IEDC to be capitalized from 1.02.2009 to 31.08.2009 in respect of Combined assets of LILO of Ramagundam-Khamm...
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