electricity tariffs

Adani Watch, News

Judicial rulings stymie probe into Adani over-invoicing allegations

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Adani Group companies have been accused of over-invoicing coal and power equipment by an Indian government agency and by the Hindenburg report. Over-invoicing is a practice in which the prices of imported goods are jacked up by an intermediary owned by the buyer. The inflated price is passed on to consumers or is subsidised by government, with the buyer able to pocket the difference. A blizzard of litigation has occurred over these allegations in India’s courts. In early 2024, rulings by the Supreme Court and the Delhi High Court appear to have shunted any effective investigation of these allegations off into the never-never.

News, News Click

Justice Arun Mishra’s Final ‘Gift’ of Rs 8,000 Crore to Adani

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On August 31, a Supreme Court Bench headed by Justice Arun Mishra approved the decision by electricity regulators to grant Adani Power “compensatory tariffs” amounting to Rs 8,000 crore for electricity generated at its power plant in Rajasthan. The verdict is the seventh judgment since 2019 in which benches headed by him have ruled in favour of Adani group companies.

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Have Justice Arun Mishra’s Judgements Helped Adani Group?

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With less than a month to go before his retirement from the Supreme Court, Justice Arun Mishra is expected to pronounce the judgement of a three-judge bench he heads in a case concerning a company in the Adani group. This will be the seventh case involving Adani group companies heard by benches led by Justice Mishra since 2019, with the previous six judgements having gone in favour of the group. If the decision on the seventh case also goes in the Adani group’s favour, it would leave public power distribution utilities and consumers in Rajasthan poorer by around Rs 5,000 crore.

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How Adani Power Rajasthan Gains ₹2,500 Crore At Consumers’ Expense

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Regulatory authorities have interpreted rules in ways that have resulted in mounting losses for public sector electricity distribution companies while users are paying higher tariffs. The Supreme Court granted Adani Power Rajasthan Limited rights to claim over ₹2,500 crore from three Rajasthan discoms by passing through tariff increases to electricity consumers, despite a 2017 judgment forbidding such compensation.

Economic and Political Weekly, News

Raising the ‘Bar’ for India’s Power Sector

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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.

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