Supreme Court of India
U.P. Power Corporation Ltd. v. N.T.P.C. Ltd. & Ors.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
What the Court ordered
In view of the above, all utilities seeking determination of tariff in respect of new projects, shall submit their applications to us at least 3 months in advance of the anticipated date of completion, along with U.P. POWER CORPORATION LTD. v.
Judgment, page 18
From the headnote
CENTRAL ELECTRICITY REGULA TORY COMMISSION (TERMS AND CONDITIONS FOR DETERMINATION OF TARIFF) REGULATIONS, 2001: Regulation 2.5 read with Regulation 1.9 - Taking over of Thermal Power Station - Excess expenditure - Fixation of tariff - Relevant period being 1.4.2001 to 31.3.2004 - Held: Basis c for fixation of tariff has to be the "actual capital expenditure" incurred on the completion of the project -- But where the actual expenditure exceeds the approved expenditure, the excess so incurred can be taken into consideration to the extent the same is allowed by Central Electricity Authority or
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