Safeguard Duty Reimbursement Only for Minimum Contracted Solar Capacity in PPA: KERC
KERC says Fortum Solar eligible for compensation but carrying costs to be borne by the company
January 6, 2021
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The Karnataka Electricity Regulatory Commission (KERC) ruled that the imposition of Safeguard Duty (SDG) on imported solar cells and modules constituted a ‘change in law’ event. It said Fortum Solar India was eligible for claiming compensation for the consequent increase in expenditure in implementing their solar projects following safeguard duty imposition. But the regulator has declined to compensate the company for carrying costs and the cost of additional solar modules procured to optimize the performance of the project.