APTEL upholds MERC order on compensation for Adani Power arm

New Delhi: Adani Power on Wednesday said power tribunal APTEL has upheld an order of electricity regulator MERC for compensation for non-availability of coal for its arm Adani Power Maharashtra Ltd (APML). "Appellate Tribunal of Electricity (APTEL) has issued its order in relation to appeals filed by APML and MSEDCL against the MERC's aforementioned order," the company said in a BSE filing. "APTEL has upheld the order of MERC regarding the allowability of compensation under change in law," it added.

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