Solar Developers Caught Between Time Extension and Safeguard Duty Reimbursement Pleas
The Uttar Pradesh Commission said the matter would be decided after the project commissioning date is decided
May 20, 2021
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Tata Power Renewable Energy Limited (TPREL) had filed petitions with the Uttar Pradesh Electricity Regulatory Commission (UPERC) on extending the validity of safeguard duty as a ‘Change in Law’ event. The Commission, in reply to the developer’s appeals, has stated that before declaring the notification of extension of safeguard duty in the order dated July 29, 2020, as a ‘Change in Law’ event, its impact on the project cost after completion must be ascertained.