In Brief
A power project developer sued for wrongful deductions from invoices for coal-related costs under a Power Purchase Agreement. The dispute centred on interpreting the energy charge formula: whether washing costs, road transport, and GCV measurement should be at project-end or mine-end. The Court held that the formula's three components (purchasing, transporting, unloading coal) include all costs up to the project site in 'washed' form. GCV must be measured at the project site. Road transport costs incurred when rail infrastructure was unavailable are reimbursable. Other ancillary charges and interest were rejected. The appeal was partly allowed.
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