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2025 Supreme(SC) 1142

SANJAY KUMAR, SATISH CHANDRA SHARMA
Gujarat Urja Vikas Nigam Limited – Appellant
Versus
Green Infra Corporate Wind Private Limited – Respondent


Advocates appeared:
For the Appellant(s) : Mr. C.A. Sundaram, Sr. Adv. Mr. M.G. Ramachandran, Sr. Adv. Ms. Hemantika Wahi, AOR Ms. Jesal Wahi, Adv. Ms. Ranjitha Ramachandran, Adv. Ms. Srishti Khindaria, Adv.
For the Respondent(s): Mr. Anupam Chaudhary, Adv. Mr. Vishal Gupta, AOR Mr. Shri Venkatesh, Adv. Ms. Kanika Chugh, Adv. Mr. Nitin Saluja, AOR Mr. Siddharth Nigotia, Adv. Mr. Harsh Vardhan Jha, Adv. Mr. Shyam Divan, Sr. Adv. Mr. Divyakant Lahoti, AOR Mr. Akshaya Babu, Adv. Ms. Praveena Bisht, Adv. Ms. Vindhya Mehra, Adv. Mr. Kartik Lahoti, Adv. Mr. Kumar Vinayakam Gupta, Adv. Mr. Adith Menon, Adv. Ms. Samridhi Bhatt, Adv. Ms. Shreya Gokel, Adv. Mr. Siddharth Tripathi, Adv. Ms. Akanksha Soni, Adv.

Table of Content
1. guvnl's appeal and procedural history. (Para 1 , 2 , 3 , 4)
2. determination of tariff for wind energy projects. (Para 5 , 10 , 11)
3. implications of accelerated depreciation on tariff determination. (Para 6 , 7)
4. guvnl's obligations as a state instrumentality. (Para 12 , 17 , 20)
5. legal authority of the gerc to review tariff agreements. (Para 13)
6. final judgment dismissing guvnl's appeals. (Para 14 , 19)
7. tariff determination must comply with statutory regulations. (Para 21 , 22 , 24)

JUDGMENT :

SANJAY KUMAR, J

1. Gujarat Urja Vikas Nigam Limited (GUVNL), the appellant in these four appeals, assails the common judgment dated 28.09.2015 rendered by the Appellate Tribunal for Electricity (APTEL), New Delhi, in Appeal Nos. 198, 199, 200 and 291 of 2014. Thereby, the APTEL confirmed the orders dated 13.06.2014, 11.06.2014, 13.06.2014 and 20.09.2014 passed by the Gujarat Electricity Regulatory Commission (GERC), Gandhi Nagar, in Petition Nos. 1239 of 2012, 1221 of 2012, 1241 of 2012 and 1365 of 2013 filed by Green Infra Corporate Wind Private Limited, New Delhi; Vaayu (India) Power Corporation Private Limited, Daman; Green Infra Wind Power Limited, New Delhi; and Tad

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