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NEW DELHI, April 11 India's top court ruled on Tuesday that Adani Power Ltd can not charge its customers more to cover a surge in the cost of imported coal, overturning a decision by a power regulator in December. The court asked the Central Electricity Regulatory Commission to go into the matter afresh and determine what relief should be granted to those power generators. It was argued that a rise in the price of Indonesian coal was unforeseen, inasmuch as the rise took place only in 2010 and 2011, while the PPAs were entered into, sometime in 2006 to 2008.
The tribunal, in April a year ago, had said that the two companies needed to be compensated as the change in Indonesian laws on coal export prices were outside the control of these companies.
The case, which was argued by former Indian minister and lawyer Kapil Sibal and renowned anti-corruption lawyer Prashant Bhushan among others, was then escalated to the country's top court by the state distribution companies.
Following a legal battle that stretched over half a decade, the Central Electricity Regulatory Commission (CERC) ruled in December previous year that the companies could charge their customers more to compensate for higher costs. In fact, even after taking into account the compensation of 40 paise per unit, Tata Power's tariff remains the lowest among all those who had originally bid for the Mundra plant. The two-judge bench set aside the APTEL and CERC rulings. Adani Power's 1,980 mw plant was allowed to raise power tariffs by 41 paise per unit in view of the steep increase in Indonesian coal prices. For Tata Power's Coastal Gujarat Power, the regulator had estimated a tariff relief at Rs 0.05 per unit based on the prices of coal and exchange rate prevailing in August 2015.
Gujarat, Haryana, Punjab, Maharashtra and Rajasthan, there will be no hike in electricity bills. In any event, the fundamental basis of the PPAs between the parties was not premised on the price of coal imported from Indonesia. Similarly, it also obtained a contract from Haryana Utilities. In a report last month, brokerage JPMorgan said Tata Power shares would take a hit of Rs 15 from a price target of Rs 90 if the compensatory tariff was disallowed.
Fellow rapper Snoop Dogg recalled how in the early 1990s he and Shakur were "two black boys struggling to become men ". Pearl Jam , the Electric Light Orchestra, Journey , Yes, and the late Tupac Shakur were also among the inductees.
She was inducted by Jackson Browne, who said the first album he bought with his own money was Baez's second album. The reclusive frontman appeared onstage with his former bandmates as they each gave acceptance speeches .
An online petition calling on ABC CEO Michelle Guthrie to reinstate Exelby had gained more than 3,700 signatures this morning. Later, she was forced to apologise for her conduct. 'I just wanted to apologise, ' Exelby said later in the bulletin.
At 65-14, the team is now 4.5 games clear of the San Antonio Spurs, who are going to play as the No. 2 seed in the playoffs. Durant is tied for the team lead in points (25.3), and is the top rebounder (8.1) and shot blocker (1.6) for the club.
Muslims have the youngest median age (24) of all religious groups, which is also expected to contribute to their rapid growth. Two years ago, Pew said that by 2050 the number of Muslims will almost equal the number of Christians around the world.
They have had contact with Jakubowski before including an instance where he tried to take a weapon from an officer. Authorities said the man had been identified and was not involved in the Janesville gun shop robbery.
Adidas has been experimenting with 3D printing for a few years now, but for Manz, the Futurecraft 4D marks a personal milestone. Adidas just unveiled its Futurecraft 4D, whose midsole is 3D printed nearly instantaneously due to a pioneering new technology.
He went on to have an uneven day, thoroughly disappointing with his vertical leap but turning some heads with a 4.5 40-Yard Dash. Leonard Fournette is what he is - he's a freaking superstar in the making.
The S&P BSE Sensex was trading at 29,604.09, up 28.35 points while the Nifty50 was trading at 9,183.45, 2.00 points higher. Banks continue to look forward to NPA resolution measures shortly, and the strength was visible today.
Blaklion, the $9 favourite, was fourth, a further half-length in arrears for trainer Nigel Twiston-Davies and jockey Noel Fehily. William Hill trading director Terry Pattinson said: "Early signs are that we won in England but got stuffed in Scotland".
What they displayed was more of a mixture of domination and counter-pressing, and not a perfection of either of them. The performance against Germany was good enough that this way of playing has to now be persisted with.
Prostate cancer tests are now OK with panel, with caveats
And even if the test detects an actual malignancy, many prostate cancers grow so slowly that they never become life-threatening. The previous guideline, which was only a few years old, recommended against PSA testing in all age groups.
Toronto Blue Jays Claim Ty Kelly From New York Mets
I just want the game to be played the right way". "Honestly, I think it's very realistic that I'll be ready for the home opener". Toronto comes into this series at 1-5, but again like the Brewers , have been competitive just about every night.
North Korea says Syria airstrikes prove its nukes justified
New air strikes have targeted the town in Syria devastated by the chemical attack, with Russian planes believed to be responsible. Kim Jong-un has said North Korea is on the "brink of war" with America in response to growing tensions between the two countries.
Zimmermann, Tigers shut down Red Sox
The Tigers earned their ninth consecutive Opening Day victory at home with a wild come from behind win against the Boston Red Sox. Lefty Daniel Norris went 6 1/3 innings for the Tigers , allowing three runs on seven hits with three walks and two strikeouts.
Spurs 4 Watford 0
Son added to his first with a fine finish early in the second half to lead his side to a terrific 4-0 victory. A brace from Heung-Min Son and a goal each from Dele Alli and Eric Dier sealed the impressive win for Spurs .
India extends $4.5 billion line of credit to Bangladesh
"I sincerely believe that we will be able to get India's support to resolve these issues expeditiously", she said. West Bengal Chief Minister Mamata Banerjee, who has strongly opposed the treaty, was also present at the meeting.
Dallas looking at why emergency sirens sounded in error
The city's Office of Emergency Management says there is no emergency and they are asking people not to call 911. City officials said a system malfunction was causing the sirens to go off which started just before midnight.
Samsung brings Galaxy C7 Pro for Rs 27990 to India
Samsung Galaxy C7 Pro and possibly the rest of the Galaxy C series to come in future will no longer be exclusive to China. The Galaxy C7 Pro flaunts 5.7-inch (1920×1080 pixels) Full HD Super AMOLED display with 2.5D Gorilla Glass 4 protection.