{"id":8178,"date":"2024-06-14T03:30:07","date_gmt":"2024-06-14T03:30:07","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=8178"},"modified":"2024-06-14T03:30:07","modified_gmt":"2024-06-14T03:30:07","slug":"adani-power-drops-rs-11000-crore-claim-to-settle-ppa-dispute","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/adani-power-drops-rs-11000-crore-claim-to-settle-ppa-dispute\/","title":{"rendered":"Adani Power drops Rs 11,000 crore claim to settle PPA dispute"},"content":{"rendered":"<p><u>Adani Power<\/u>has waived compensation claim for an estimated Rs 11,000 crore to reach an out-of-court settlement with<u>Gujarat Urja Vikas Nigam<\/u>(<u>GUVNL<\/u>) in a dispute over termination of a February 2007 power purchase agreement (<u>PPA<\/u>) for supplying 1,000MW electricity.<\/p>\n<p>The entities have now sought scrapping of the 2019 order, saying they have settled their dispute over the 2007 PPA and some aspects of two supplementary PPAs signed <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div> 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> in December 2018. As part of the settlement, Adani Power will not put into effect the termination of the 2007 PPA, the main cause of the dispute, and forego compensation claim for supplying power from alternative sources.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Adani Powerhas waived compensation claim for an estimated Rs 11,000 crore to reach an out-of-court settlement withGujarat Urja Vikas Nigam(GUVNL) in a dispute over termination of a February 2007 power purchase agreement (PPA) for Join Our Telegram Channel Subscribe on YouTube supplying 1,000MW electricity. The entities have now sought scrapping of the 2019 order, saying &#8230; <a title=\"Adani Power drops Rs 11,000 crore claim to settle PPA dispute\" class=\"read-more\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/adani-power-drops-rs-11000-crore-claim-to-settle-ppa-dispute\/\">Read more <span class=\"screen-reader-text\">Adani Power drops Rs 11,000 crore claim to settle PPA dispute<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1084],"tags":[761],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Adani Power drops Rs 11,000 crore claim to settle PPA dispute - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/adani-power-drops-rs-11000-crore-claim-to-settle-ppa-dispute\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Adani Power drops Rs 11,000 crore claim to settle PPA dispute\" \/>\n<meta property=\"og:description\" content=\"Adani Powerhas waived compensation claim for an estimated Rs 11,000 crore to reach an out-of-court settlement withGujarat Urja Vikas Nigam(GUVNL) in a dispute over termination of a February Subscribe on YouTube 2007 power purchase agreement (PPA) for supplying 1,000MW electricity. The entities have now sought scrapping of the 2019 order, saying they have settled their ... 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The entities have now sought scrapping of the 2019 order, saying they have settled their ... 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