Tariff Adoption Delays are Hurting Investments and Jobs in the Solar Sector
With widespread issues like lack of transmission infrastructure and land availability, rising instances of delayed tariff adoption have further slowed down the pace of project development
November 15, 2019
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According to Section 63 of the Electricity Act 2003, authorities such as the state electricity regulatory commissions (SERCs) are expected to adopt tariffs that have been discovered through a transparent bidding process. This procedure of tariff approval was mostly a formality that was complied on time so that developers could start the construction of power projects. But that has not been the case anymore.