Adani Power had terminated the 1,000 – Mw power purchase agreement with GUVNL from its plant in Mundra on account of non-coal supply by Gujarat Mineral Development Corporation. Adani Power asserted that the power supply was conditional to coal supply.
In a rare Supreme Court Moment, the Supreme Court on Friday issued a notice to Adani Power, allowing a rare curative petition filed by Gujarat Urja Vikas Ltd (GUVNL) against an order passed in July, 2019 allowing the company to terminate a power purchase agreement.The move comes as a major relief for GUVNL as the estimated compensation, according to industry experts …
