08 October 2018 | BRIDGE TO INDIA
Central Electricity Regulatory Commission (CERC) has issued its final decision in response to appeals filed by Adani and Azure against NTPC and SECI respectively for ‘change in law’ compensation claims arising from GST implementation. It has opined that implementation of GST constitutes ‘change in law’ as defined in the respective PPAs. It has also ruled that project developers can claim compensation if they can provide…
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