UERC: Petition of UPCL v/s Adani Power for Adoption of Tariff for 1,234 MW Round-the-Clock Coal-Based Power Procurement

Petitioner: Uttarakhand Power Corporation Ltd.

Versus

M/s Adani Power Limited

Background: This Order relates to the Petition dated 05.10.2026 and additional submissions dated 15.10.2026 and 24.10.2026, filed by Uttarakhand Power Corporation Ltd. (“UPCL” or “Petitioner” or “Licensee”), under Section 86(1)(b), read with Section 63, of the Electricity Act, 2003, Regulation 74 of the UERC Tariff Regulations, 2024 and Regulation 59 of the UERC (Conduct of Business) Regulations, 2014, seeking adoption of tariff for the procurement of 1234 MW Round-The-Clock (RTC) coal-based power through tariff-based competitive bidding process on a long-term basis for a period of 25 years from 1320 MW installed capacity to be set up on Design, Build, Finance, Own and Operate (DBFOO) basis by sourcing fuel from the coal linkage arranged by UPCL under Para B(iv) of the SHAKTI Policy, and approval of the draft Power Supply Agreement (PSA-DBFOO) proposed to be executed with the selected bidder, namely M/s Adani Power Limited (“M/s APL”), in accordance with the Model Bidding Documents and the Guidelines issued by the Ministry of Power, Government of India, under Section 63 of the Electricity Act, 2003, incorporating the deviations/clarifications/ modifications as approved by the Commission.