JSW Energy Ltd. - Order of Rajasthan Electricity Regulatory Commission in respect of Raj WestPower Limited, a wholly owned su

March 01, 2016 - 03:52:00 PM

JSW Energy Ltd has informed BSE that Rajasthan Electricity Regulatory Commission (RERC) has vide its order dated February 24, 2016 determined the final tariff for FY 2009-10 to FY 2013-14 along with Annual Performance Review and true-up for FY 2009-10 and FY 2010-11 for the 1,080 MW Lignite Power Plant at Banner, Rajasthan of Raj WestPower Limited (RWPL), a wholly owned subsidiary of the Company. RWPL will recognise the revenues in its books based on the aforesaid order for the period FY 2009-10 to FY 2013-14 and based on approved provisional tariff for the subsequent periods FY 2014-15 and FY 2015-16 till their respective final determination of tariff. RWPL meanwhile intends to seek clarifications and/or appeal the said order as per the provisions of law after thorough review.

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