Supreme Court set aside APTEL order, restoring Commission’s 2019 decision limiting depreciation recovery to six years for Rithala plant.
Capital cost fixed at ₹197.70 crore; depreciation of ₹83.34 crore approved for FY 2010‑18, remaining ₹94.59 crore barred.
Plant, a 108 MW gas‑based unit, operated only until March 2018 and ceased supplying electricity thereafter.
Court held depreciation cannot exceed operational period under PPA and consumer protection under Section 61(d).