Daily News Wrap-Up: APTEL Directs BESCOM to Refund Liquidated Damages
JSERC says Bokaro Steel's cogeneration plant is fulfilling renewable purchase obligations
June 6, 2024
Follow Mercom India on WhatsApp for exclusive updates on clean energy news and insights
The Appellate Tribunal For Electricity has quashed a Karnataka Electricity Regulatory Commission order that rejected Photon Suryakiran’s petition asking for Bangalore Electricity Supply Company (BESCOM) not to reduce the tariff of the delayed solar project from ₹7.05 (~$0.084)/kWh to ₹6.51 (~$0.078)/kWh. The Tribunal directed BESCOM to refund any liquidated damages recovered, with interest. BESCOM must also pay the tariff at ₹7.05 (~$0.084)/kWh, including any differential amounts due from the date of commissioning, with interest.