Azure Likely to Get Compensated for Increase in Solar Project Cost Due to Levy of Safeguard Duty
Azure had invoked the ‘Change in Law’ clause to request compensation for its projects after the introduction of safeguard duty last year
April 24, 2019
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The Maharashtra Electricity Regulatory Commission (MERC) has provided relief to Azure Power in two cases in which it had requested the commission to consider the levy of safeguard duty as Change in Law and had asked it compensate the company for the increase in project cost following the imposition.