JAIPUR VIDYUT VITRAN NIGAM LTD. vs MB POWER (MADHYA PRADESH) LIMITED

The Supreme Court upheld the High Court's order directing the State of Rajasthan to purchase 906 MW of electricity from successful bidders, including MB Power, under the Electricity Act, 2003, specifically citing Section 63. The Court affirmed that MB Power and PTC India must comply with the Request for Proposal conditions and execute a Power Purchase Agreement for 200 MW at a levelized tariff of Rs.5.517/Kwh. The interim tariff of Rs.2.88 per unit was also confirmed pending the outcome of related appeals.