The Appellate Tribunal for Electricity (Aptel) has set aside an order issued by the Central Electricity Regulatory Commission (CERC) against the Tamil Nadu Generation and Distribution Corporation (Tangedco) in a dispute against GMR Group of companies.
The CERC had held that the State utility was liable to make a payment to the companies for capacity charges, irrespective of the grid constraint between November 2015 and March 2016, along with the late payment surcharge.
In 2013, Tangedco signed an agreement with GMR Trading for a period of 15 years, from June 1, 2014 to September 30, 2028, for the purchase of electricity up to a contracted capacity of 150 MW, which was to be supplied from the GMR Warora Energy Limited thermal power plant in Maharashtra.
