Latest news with #LPS
Time of India
23-05-2025
- Business
- Time of India
SC upholds Rs 186 cr payout by Rajasthan Discom to Adani Power over ‘change in law'
The Supreme Court on Friday upheld an Appellate Tribunal for Electricity's order that asked Rajasthan discom to pay 'huge sum' of Rs 186 crore to Adani Power Rajasthan, now merged into Adani Power, as benefits due to 'change in law' along with carrying costs at Late Payment Surcharge (LPS) rates of their Power Purchase Agreement (PPA). A Bench led by Justice MM Sundresh said that it did not find any reason to interfere with the tribunal's April 2024 judgment. 'Liability has been fastened upon the appellants (discoms) under the agreement. The contention that the supplementary bill ought to have been raised earlier and, therefore, the payment can only be made thereafter has neither a factual basis nor a legal one,' it said. However, the court noted that Adani had not notified the change in law event immediately after the notification was issued in 2017. The four Rajasthan discoms - Jaipur Vidyut Vitran Nigam, Ajmer Vidyut Vitran Nigam, Jodhpur Vidyut Vitran Nigam and Rajasthan Urja Vikas Nigam (Now Rajasthan Urja Vikas and IT Services) – had alleged that Aptel had allowed a huge margin of profit/windfall gain in favour of Adani, despite the fault being attributable to Adani for causing delay in litigation. In 2009, Adani Power in a competitive bidding process had bagged contract for supply of 1200 MW of power to be generated at Kawai Power Project, Rajasthan, to the discoms to meet the power requirements of the state. The four discoms had entered into a power PPA with Adani Power for supply of 1200 MW aggregate contracted capacity at a levelised tariff of Rs 3.238 per unit. The agreement was also approved by the Rajasthan Electricity Regulatory Commission. In 2017, Coal India , through a notification, imposed a levy of evacuation facility charges at Rs 50 per tonne applicable on every coal dispatch, except dispatch through rapid loading arrangement, with effect from December 20, 2017. Adani had notified Rajasthan Urja Vikas that the Coal India notification constituted a 'change in law' event and also filed a petition before the Commission seeking evacuation facility charges along with carrying costs. While the Commission in 2019 disallowed Adani's petition for the levy of evacuation charges by Coal India, the sectoral tribunal allowed the evacuation facility charges to be paid in favour of Adani Power from the date of notification and also granted relief of carrying cost at LPS rates of PPA to Adani. This was challenged by the Rajasthan discoms before the Supreme Court.
Time of India
23-05-2025
- Business
- Time of India
SC upholds Rs 186 cr payout by Rajasthan Discom to Adani Power over ‘change in law'
The Supreme Court on Friday upheld an Appellate Tribunal for Electricity's order that asked Rajasthan discom to pay 'huge sum' of Rs 186 crore to Adani Power Rajasthan, now merged into Adani Power, as benefits due to 'change in law' along with carrying costs at Late Payment Surcharge (LPS) rates of their Power Purchase Agreement (PPA). A Bench led by Justice MM Sundresh said that it did not find any reason to interfere with the tribunal's April 2024 judgment. 'Liability has been fastened upon the appellants (discoms) under the agreement. The contention that the supplementary bill ought to have been raised earlier and, therefore, the payment can only be made thereafter has neither a factual basis nor a legal one,' it said. However, the court noted that Adani had not notified the change in law event immediately after the notification was issued in 2017. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Conheça o óculos militar que os homens 40+ querem Óculos Max Saiba Mais Undo The four Rajasthan discoms - Jaipur Vidyut Vitran Nigam, Ajmer Vidyut Vitran Nigam, Jodhpur Vidyut Vitran Nigam and Rajasthan Urja Vikas Nigam (Now Rajasthan Urja Vikas and IT Services) – had alleged that Aptel had allowed a huge margin of profit/windfall gain in favour of Adani, despite the fault being attributable to Adani for causing delay in litigation. In 2009, Adani Power in a competitive bidding process had bagged contract for supply of 1200 MW of power to be generated at Kawai Power Project, Rajasthan, to the discoms to meet the power requirements of the state. The four discoms had entered into a power PPA with Adani Power for supply of 1200 MW aggregate contracted capacity at a levelised tariff of Rs 3.238 per unit. The agreement was also approved by the Rajasthan Electricity Regulatory Commission. Live Events In 2017, Coal India , through a notification, imposed a levy of evacuation facility charges at Rs 50 per tonne applicable on every coal dispatch, except dispatch through rapid loading arrangement, with effect from December 20, 2017. Adani had notified Rajasthan Urja Vikas that the Coal India notification constituted a 'change in law' event and also filed a petition before the Commission seeking evacuation facility charges along with carrying costs. While the Commission in 2019 disallowed Adani's petition for the levy of evacuation charges by Coal India, the sectoral tribunal allowed the evacuation facility charges to be paid in favour of Adani Power from the date of notification and also granted relief of carrying cost at LPS rates of PPA to Adani. This was challenged by the Rajasthan discoms before the Supreme Court.
CTV News
22-05-2025
- CTV News
Toronto man wanted by LPS in human trafficking investigation
The London Police Service is looking for help finding a man wanted in a human trafficking investigation. In July 2024, the LPS said a woman entered a working agreement with a man relating to money, lodging, and protection. The woman was a sex-trade worker, according to police, and the man advertised the victim's services online in exchange for money. In January 2025, while the woman was at a hotel in the 1100 block of Wellington Road, she woke up and noticed the suspect allegedly left, taking all of her belongings and money. The victim called police and an investigation was launched. 40-year-old Andre Kyei of Toronto is wanted for material benefit from sexual services, advertising another person's sexual services, and theft under $5,000. Kyei's location is unknown. He is described as a Black man, around 6 feet tall, 200 pounds with a muscular build, dark brown shoulder length hair in dreads, with black facial hair and brown eyes. Police are asking anyone who may know his whereabouts to contact them. He is known to frequent the Toronto area. If the man is seen, you are told to call 911 immediately and do not approach him. Information can also be called into the LPS at 519-661-5670 or anonymously to Crime Stoppers.
CTV News
22-05-2025
- CTV News
High-ranking London police officer charged by Ottawa police
London Watch The 25-year veteran of the London Police Service (LPS) remains suspended with pay.
CTV News
17-05-2025
- CTV News
London Police Service launches survey on safety and services
The London Police Service is launching its annual public survey, inviting Londoners to share their perspectives on community safety and police services. The phone survey runs throughout May and June 2025. The research is conducted in partnership with Advanis, a leading Canadian market research firm. As part of the national policing survey initiative, this project enables the LPS to benchmark results both locally and nationally, while also including custom questions tailored to the specific priorities of the community. The survey helps police monitor trends over time, inform strategic planning, and ensure that police services continue to meet the evolving needs of the community. 'We want to clarify that participation in this research is by random selection only, which ensures that the results are representative of the broader population and free from bias. If your phone number is randomly selected, you will receive a call from Tell City Hall with details on how to participate,' said a news release from police. 'Unfortunately, we are unable to accept requests to join the study outside of this process to safeguard the representativeness of the research results.' Anyone with questions about the selection process, or to verify the legitimacy of an invitation you received, contact LPS.
