India : CERC Issues Orders to Expedite Safeguard Duty Reimbursement to ACME Solar A payment of ₹471 Million is to be Made to the Developer

The Central Electricity Regulatory Commission (CERC) has ordered compensatory relief to ACME Solar from the imposition of the safeguard duty citing the ‘Change in Law’ clause. The petition was filed for ACME Solar’s project in Madhya Pradesh’s Rewa Solar Park. The Commission has asked Madhya Pradesh Power Management Company Limited (MPPMCL) and Delhi Metro Rail Corporation (DMRC) to start paying the reconciled amount of ₹471 million (~$6.28 million).

The Commission also dismissed MPPMCL’s request for the payment of the amount from July 2020, because of the COVID-19 crisis. The Commission said that on account of the clear directive of the MNRE, the payment to renewable energy generators should be made on a regular basis as was being followed before the lockdown and directed it to release the amount immediately. The Commission also exempted ACME Solar from filing an affidavit because of the extension of the countrywide lockdown due to the ongoing pandemic.

Source : https://mercomindia.com/cerc-issues-safeguard-duty-acme-solar/

Smart Grid Bulletin May 2020


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