By PTI
GANDHINAGAR: The Gujarat authorities bought electrical energy price Rs 8,160 crore from Adani Power Ltd between 2021 and 2022 at tariff charges revised upwards from Rs 2.83 to Rs 8.83 per unit, the state Legislative Assembly was knowledgeable on Saturday.
Responding to a starred query by Aam Aadmi Party (AAP) MLA Hemant Ahir, state Energy Minister Kanu Desai mentioned that in 2021-22, the federal government bought 11,596 million models of electrical energy from the corporate for Rs 8,160 crore.
The cost was revised upwards month-on-month within the vary of Rs 2.83-Rs 8.83 per unit, he mentioned.
In 2007, the state authorities had signed an settlement to buy energy from Adani Power Ltd for 25 years at levelised tariff charges of Rs 2.89 and Rs 2.35 per unit, he mentioned.
The state authorities revised upwards the unit charges below its energy buy settlement from the corporate due to an increase in the price of imported coal, he mentioned.
Since the challenge was coal-based, the mentioned energy firm was not producing power at full capability due to an “unscheduled increase in the price of coal sourced from Indonesia after 2011”, Desai mentioned.
“Considering this, a high-powered committee was formed by the state government. The government vide resolution dated December 1, 2018, approved the increase in power purchase rates by accepting the recommendations of the committee, with a few amendments, as a policy decision,” he mentioned.
Accordingly, a supplementary settlement was signed with Adani Power on December 5, 2018, which was authorized by the Central Electricity Regulatory Commission by means of an order dated April 12, 2019, he mentioned.
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An extra revision was made in 2021 as a result of improve in worldwide coal costs, he mentioned.
Meanwhile, on account of extreme hikes in costs of imported coal on the world stage, a lot of the imported coal-fired energy initiatives on the nationwide stage shut down technology, because the contract/supplemental settlement was not inexpensive, he mentioned.
To keep away from the mentioned state of affairs and to fulfill the rising demand of all the nation, the central authorities ordered to run the imported coal-based energy challenge at full capability below part 11 of the Electricity Act 2003 by order dated May 5, 2011, the minister mentioned.
ALSO READ | Adani-Hindenburg row: SC orders committee to probe share crash; asks Centre, SEBI to cooperate
In order to fulfill the state’s energy demand from all obtainable sources, ample energy was procured from Adani Power (Mundra) below the precept of benefit order, he mentioned.
GANDHINAGAR: The Gujarat authorities bought electrical energy price Rs 8,160 crore from Adani Power Ltd between 2021 and 2022 at tariff charges revised upwards from Rs 2.83 to Rs 8.83 per unit, the state Legislative Assembly was knowledgeable on Saturday.
Responding to a starred query by Aam Aadmi Party (AAP) MLA Hemant Ahir, state Energy Minister Kanu Desai mentioned that in 2021-22, the federal government bought 11,596 million models of electrical energy from the corporate for Rs 8,160 crore.
The cost was revised upwards month-on-month within the vary of Rs 2.83-Rs 8.83 per unit, he mentioned.googletag.cmd.push(operate() googletag.show(‘div-gpt-ad-8052921-2’); );
In 2007, the state authorities had signed an settlement to buy energy from Adani Power Ltd for 25 years at levelised tariff charges of Rs 2.89 and Rs 2.35 per unit, he mentioned.
The state authorities revised upwards the unit charges below its energy buy settlement from the corporate due to an increase in the price of imported coal, he mentioned.
Since the challenge was coal-based, the mentioned energy firm was not producing power at full capability due to an “unscheduled increase in the price of coal sourced from Indonesia after 2011”, Desai mentioned.
“Considering this, a high-powered committee was formed by the state government. The government vide resolution dated December 1, 2018, approved the increase in power purchase rates by accepting the recommendations of the committee, with a few amendments, as a policy decision,” he mentioned.
Accordingly, a supplementary settlement was signed with Adani Power on December 5, 2018, which was authorized by the Central Electricity Regulatory Commission by means of an order dated April 12, 2019, he mentioned.
ALSO READ | Adani-Hindenburg row: Gautam Adani welcomes Supreme Court panel, says “truth will prevail”
An extra revision was made in 2021 as a result of improve in worldwide coal costs, he mentioned.
Meanwhile, on account of extreme hikes in costs of imported coal on the world stage, a lot of the imported coal-fired energy initiatives on the nationwide stage shut down technology, because the contract/supplemental settlement was not inexpensive, he mentioned.
To keep away from the mentioned state of affairs and to fulfill the rising demand of all the nation, the central authorities ordered to run the imported coal-based energy challenge at full capability below part 11 of the Electricity Act 2003 by order dated May 5, 2011, the minister mentioned.
ALSO READ | Adani-Hindenburg row: SC orders committee to probe share crash; asks Centre, SEBI to cooperate
In order to fulfill the state’s energy demand from all obtainable sources, ample energy was procured from Adani Power (Mundra) below the precept of benefit order, he mentioned.
