It is claimed that a recent decision by the Gujarat government, to revoke a 2018 government resolution allowing increases in electricity tariffs by private power companies in the Adani, Tata and Essar groups, would “safeguard” consumer interests. On the contrary, the decision may benefit the private companies at the expense of electricity consumers.
A Bombay High Court order in a case relating to alleged over-invoicing of coal imported from Indonesia by a company in the Adani group threatens to undermine the capabilities of India’s investigative agencies and should be challenged.
Appeals before electricity regulatory authorities against a hike in tariffs by Adani Power’s plant in Mundra, Gujarat, that had been granted in December 2018, have reopened an issue that was presumed to have been settled by the Supreme Court.
Two prominent infrastructure companies belonging to Adani Group and Tata Group had sought the assistance of electricity regulators to hike the rate at which they sold power to several state power utility and distribution companies. They claimed that compensatory tariffs to the tune of nearly ₹8,000 crore were due to them as they had to absorb an increase in the price of coal imported from Indonesia. But this was denied to them by the Supreme Court.
