Solar Developer’s Plea for Penalty Refund Gets Regulator’s Approval
The Commission directed the DISCOM to refund the bank guarantee encashed by it as a penalty
March 16, 2021
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The Telangana State Electricity Regulatory Commission (TSERC) approved the extension of a 7 MW solar project’s commissioning date due to force majeure events. It directed the state distribution company (DISCOM) to refund the amount sum of ₹2.42 million adjusted towards the penalty for the delay in commissioning the project.