E-MAIL FOR SPONSORSHIP

Daily News Wrap-Up: CERC Grants ₹20 Million Compensation to Solar Developer

Northern Railway floats tenders for 2.79 MW solar projects

February 7, 2025

thumbnail

Follow Mercom India on WhatsApp for exclusive updates on clean energy news and insights


The Central Electricity Regulatory Commission (CERC) declared a hike in Goods and Services Tax (GST) from 5% to 12% to 18% as a change in law event. It allowed Beempow Energy, backed by O2 Power, to seek compensation. Beempow can receive compensation up to ₹20 million (~$229,700), which will be paid at a discount of 9.12% for 15 years. CERC also allowed carrying costs for the period against which Beempow paid the higher GST.

Continue Reading with Premium Access

Get unlimited access to in-depth analysis, exclusive interviews, and comprehensive coverage of India's renewable energy sector.

Unlimited article access
Exclusive market insights
Premium research reports
Ad-free reading experience
Loading subscription plans...

Comments

RELATED POSTS

Get the most relevant India solar and clean energy news.

RECENT POSTS