Transmission Corporation Of Andhra ... vs M/S G M R Vemagiri Power Generation Ltd

The Supreme Court determined that the term 'fuel' in the Power Purchase Agreement (PPA) refers exclusively to 'natural gas' and does not encompass Regasified Liquefied Natural Gas (RLNG). The Court upheld the Andhra Pradesh Electricity Regulatory Commission's interpretation, emphasizing that the inclusion of RLNG would lead to increased costs for consumers, which was not intended by the parties. The judgment clarified that the amendment made on 02.05.2007 explicitly restricted the definition of fuel to natural gas only, thereby affirming the Commission's decision.