GST

CERC Orders Compensation To NTPC Over ‘Change Of Law’ Event

The Central Electricity Regulatory Commission (CERC) in its latest judgement awarded compensation to NTPC Limited over a surge in Goods and Services Tax (GST). The public sector utility had moved to the CERC seeking compensation for the increased project costs due to the increased taxation. The case was related to two solar projects with a […]

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BUDGET: Solar Industry Wants Funds For RTS, Lower GST On Equipment

As Union Finance Minister Nirmala Sitharaman is all set to announce the Union Budget today in Lok Sabha, the solar industry is anticipating several announcements for the sector. Several industry experts anticipate announcements that could support the industry. However, most of the solar industry experts who spoke on the issue talked about reduced taxes for […]

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CERC Grants Compensation To Azure Power Over ‘Change of Law’ Events

In its latest judgment, the Central Electricity Regulatory Commission (CERC) allowed Azure Power compensation for ‘change of law’ events. These events were related to the Goods and Service Tax (GST) surge on solar products.  The detailed order said that the case was related to three projects of Azure. This includes two 300 MW solar plants, each situated […]

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CERC Approves Trading Margin of Rs.0.07/kWh in SECI’s PSAs with Distribution Firms

The Solar Energy Corporation of India (SECI), in its petition, had asked the CERC for the approval of the trading margin of Rs.0.07/kWh agreed to by the distribution companies (Brihanmumbai Electric Supply and Transport; Tripura State Electricity Corporation) in the Power Supply Agreements signed for capacities of 334 MW and 100 MW respectively. The CERC […]

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GERC Allows Compensation To Juniper Energy For ‘Change Of Law’

The Gujarat Electricity Regulatory Commission (GERC), in its latest judgement, allowed Juniper Green Sigma Pvt Ltd compensation for ‘change of law’ events. Juniper Green Sigma is a subsidiary of Juniper Green Energy. It has developed a 120-megawatt (MW) grid-connected solar plant in Gujarat to supply Gujarat Urja Vikas Nigam Limited (GUVNL). Juniper, in its petition before the […]

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Two Solar Firms To Get Compensations Due to Increased GST Rates

In its order, the Central Electricity Regulatory Commission (CERC) granted compensation to two renewable energy companies. The central authority granted these compensations on account of ‘Change of Law’ events. Such events included the rise of Operations and Maintenance (O&M) costs of their projects due to the escalation of GST rates and the imposition of increased safeguard duty […]

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CERC Orders Compensation for Adani Subsidiary Over ‘Change of Law’ Events

The Central Electricity Regulatory Commission (CERC), in its latest order, directed the Solar Energy Corporation of India (SECI) and other related entities concerned to compensate Adani Solar Energy Jodhpur Four Private Limited, a Special Purpose Vehicle (SPV) of Adani Green Energy.  The order came to the fore after the SPV moved a petition before the CERC […]

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CERC Relents, Allows GST Compensation On O&M Expenses To Azure Power, Others

In a key development, the Central Electricity Regulatory Commission (CERC) has finally relented, and ruled in favour of GST compensation for a clutch of developers in seven cases (5 of which involve Azure Power owned entities). The issue has been contested around the treatment of GST on O&M (Operations and maintainence) contracts of solar projects […]

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APTEL Accepts TPREL Claim For GST Compensation, After MERC Rejection

In an interesting judgement uploaded yesterday, the Appellate Tribunal for Electricity (APTEL) has upheld an appeal filed by Tata Power Renewable Energy Limited (TPREL) against an order of the Maharashtra Electricity Regulatory Commission (MERC), on compensation for GST law changes. MSEDCL was the other party to the case, as the discom buying the power from […]

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