IN THE APPELLATE TRIBUNAL FOR ELECTRICITY (Appellate Jurisdiction) Appeal No. 283 of 2017 Appeal No. 131 of 2018 Appeal No. 231 of 2018 Dated: 22.03.2024 Present: Hon’ble Mr. Sandesh Kumar Sharma, Technical Member Hon’ble Mr. Virender Bhat, Judicial Member In the matter of:

Jaiprakash Power Ventures Limited, (Erstwhile M/s Bina Power Supply Company Ltd, since merged with Jaiprakash Power Ventures Limited)

JA House, 63 Basant Lok, Vasant Vihar, New Delhi- 110057. …Appellant Versus

1. Madhya Pradesh Electricity Regulatory Commission Through it’s Secretary 5^th Floor, Metro Plaza, Arera Colony, Bittan Market, Bhopal-462 016.

2. Madhya Pradesh Power Management Company Ltd.

Through it’s Managing Director (Erstwhile Madhya Pradesh Power Trading Company Ltd.)

Shakti Bhawan, Vidyut Nagar, Rampur, Jabalpur (M.P.) – 482008.

3. Madhya Pradesh Poorv Kshetra Vidyut Vitaran Co. Ltd., Jabalpur Through it’s Managing Director Shakti Bhawan, Vidyut Nagar, Rampur, Jabalpur (M.P.) – 482008.

4. Madhya Pradesh Madhya Kshetra Vidyut Vitaran Co. Ltd., Through it’s Managing Director Bhopal Bijli Nagar Colony, Nishtha Parisar, Govindpura, Bhopal-462023.

5. Madhya Pradesh Paschim Kshetra Vidyut Vitaran Ltd., Through it’s Managing Director Indore GPH Campus, Polo Ground, Indore – 452003. ...Respondents Counsel for the Appellant(s) : Mr. Shri Venkatesh Mr. Suhael Buttan Mr. Siddharth Joshi Mr. Abhishek Nangia Ms. Soumyaa Sharma Mr. Vineet Kumar Mr. Punyam Bhutani Mr. Sanjeev Singh Thakur Mr. Ashutosh Kumar Srivastava Mr. Bharath Gangadharan Mr. Jayant Bajaj Mr. Nihal Bhardwaj Mr. Siddharth Nigotia Mr. Kartikay Trivedi Mr. Shivam Kumar Mr. Jatin Ghuliani Mr. Anant Singh Mr. Mohit Mansharamani Mr. Rishabh Sehgal Mr. Kunal Veer Chopra Mr. Varun Singh Mr. Pratyush Singh Mr. Sandeep Rajpurohit Mr. Vikas Maini Mr. Somesh Srivastava Mr. Samarth Kashyap Ms. Simran Saluja Mr. Rahul Adhulakha Mr. Ashok Shukla Counsel for the Respondent(s) : Mr. Parinay Deep Shah Ms. Mandakini Ghosh Ms. Akanksha Bhola Ms. Ritika Singhal Mr. Ashok Upadhyay Ms. Surabhi Pandey Ms. Aradhna Tandon Mr. Saransh Shaw for R-1 Mr. Ashish Anand Bernard Mr. Ravin Dubey Mr. Param Hans Sahani Mr. Alok Shankar Mr. Kumarjeet Ray Ms. Ekssha Kashyap Mr. Manoj Kumar Shrma Ms. Sadhvi Kumar Mr. Ajsra Gupta Mr. Tushar Jain Mr. Mahip Singh for R-2

JUDGEMENT

PER HON’BLE MR. SANDESH KUMAR SHARMA, TECHNICAL MEMBER

1. The Appellant, i.e. M/s. Jaiprakash Power Ventures Ltd (hereinafter referred as “JPVL” or “Appellant”) has filed the three captioned Appeals challenging the orders dated 03.06.2016, 21.06.2017 and 24.05.2018 (hereinafter referred as “Impugned Orders”) passed by Madhya Pradesh Electricity Regulatory Commission (hereinafter referred as “MPERC” or “State Commission”) in Petition No. 70 of 2015, 62 of 2016 and 57 of 2017, respectively, filed by the Appellant seeking True-up of Generation Tariff of 2x250 MW (Phase-1) coal based thermal power station at Bina, District Sagar for FY 2014-15, 2015-16 and 2016-17, the Appellant is aggrieved by the disallowance of the following claims of the Appellant:

(a) Disallowance of Operation and Maintenance Expenditure for 400 KV Dedicated Transmission Line (in short “DTL”) incurred by Appellant in view of the findings rendered in order dated 03.06.2016 passed the MPERC for Petition filed by Appellant for FY 2014-15.

(b) Disallowance of the grossing up the base rate of Return on Equity (in short “RoE”) with Minimum Alternate Tax (in short “MAT”) as Appellant payment towards income tax or MAT is NIL.

(c) Disallowance of recovery of Capacity Charges for 68.42% of the installed capacity.

Parties

2. M/s. Jaiprakash Power Ventures Ltd. (Unit: Jaipee Bina Thermal Power Plant) is a Generating Company within the meaning of Section 2(25) of the Electricity Act, 2003.

3. Madhya Pradesh Electricity Regulatory Commission, 1^st Respondent is the Electricity Regulatory Commission in the State of Madhya Pradesh discharging functions under the provisions of the Act.

4. Respondent Nos. 2 to 5 are the T