Reimburse Costs Incurred by Solar Developer Due to Safeguard Duty Imposition: CERC to NTPC
The developer had petitioned that NTPC had to pay ₹1.55 billion with ₹77.34 million for GST
February 11, 2020
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Responding to a recent petition, the Central Electricity Regulatory Commission (CERC) declared that the imposition of Safeguard Duty (SGD) in July 2018 was covered under the “Change in Law” clause in the power purchase agreements (PPA) between Solairepro Urja Private Limited (SUPL) and the National Thermal Power Corporation (NTPC). The Commission has directed NTPC to reimburse the cost incurred due to the imposition of safeguard duty after evaluating the supporting documents.