More Stories

Informist, Tuesday, Jan. 13, 2026

 

NEW DELHI – GRIDCO Ltd. has moved the Supreme Court against an Appellate Tribunal for Electricity's September order asking the company to pay fixed capacity charges calculated according to the declared capacity basis and a delayed payment surcharge to GMR Kamalanga Energy Ltd. The apex court will hear the case on Thursday.

 

The dispute concerns the methodology for computing the plant availability factor on a monthly basis and the payment of fixed capacity charges for the period from 2015 to 2017, with respect to the supply of electricity by GMR Kamalanga to GRIDCO under a 2011 power purchase agreement. The genesis of the controversy is whether the calculation of the plant availability factor and the monthly and fixed capacity charges was to be undertaken in accordance with the 2014 Tariff Regulations or with the prevailing contractual terms and the minutes of meetings mutually agreed in 2015.

 

GRIDCO said that the computation of the plant availability factor and payment of fixed capacity charges for the disputed period must be in accordance with the provisions of the agreement and the minutes of the meeting. During 2015-16 (Apr-Mar) and FY17, the plant availability factor was based on 25% of power sent out from the generating station as outlined in the agreement. This methodology was consistently applied, and the petitioner made payments based on the final schedules agreed in the meeting and under the contract, GRIDCO said.

 

GMR Kamalanga said under the 2014 tariff regulations, the computation of the plant availability factor and the payment of fixed capacity charges must be based on the declared availability of the generating station, rather than on actual energy schedules or the power sent out. GMR Kamalanga relied on the formula for calculating the plant availability factor provided in Regulation 30 of the 2014 Tariff Regulations and argued that neither the agreement nor the minutes could override the statutory regulatory framework.  End

 

Reported by Surya Tripathi

Edited by Saji George Titus

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.