Supreme Court of India
Jaipur Vidyut Vitaran Nigam Ltd. & Ors. v. Adani Power Rajasthan Limited & Anr.
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From the headnote
Electricity Act, 2003 – s.63 – ‘Change in law’ compensation – Appellant is electricity Distribution Licensee in the State of Rajasthan – It entered into a Power Purchase Agreement (PPA) on 28.1.2010 with Adani Power Rajasthan Limited (APRL), a generating company in pursuance to a tariff-based competitive bid process in terms of s.63 of the Act – The terms of PPA contained a tariff, which could be varied only as per the specific provisions contained in the PPA, and not otherwise – The PPA postulated domestic coal usage as the primary fuel – Meanwhile, the New Coal Distribution Policy, 2013…
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