MERC Allows Solar Developer’s BCD Compensation Claims
The Commission ruled that any event can be considered a ‘Change in Law Event’ if such provisions are specifically made under the PPA
August 27, 2024
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The Maharashtra Electricity Regulatory Commission (MERC) has ordered the Maharashtra State Electricity Distribution Company (MSEDCL) to compensate a developer for the increased cost of the project due to the basic customs duty (BCD) on solar cells and modules.
