West Bengal State Electricity ... vs Adhunik Power And Natural Resources ...

The Supreme Court examined the entitlement of Adhunik Power and Natural Resources Ltd. (APNRL) to compensation for coal purchased through e-auction/import due to shortfall in tapering linkage and for Change in Law events under the Power Purchase Agreement (PPA) and Power Supply Agreement (PSA). The Appellate Tribunal for Electricity (APTEL) had modified the Central Electricity Regulatory Commission's (CERC) order, granting APNRL compensation along with carrying costs. The Court upheld APTEL's decision, affirming the contractual and regulatory basis for compensation under Article 10.2 of the PPA and related provisions.