CERC Agrees to Compensate for Carrying Cost Due to Change in Law Event for a Thermal Project

The generator sought compensation for 'Change in Law' events allegedly resulting in financial implications

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The Central Electricity Regulatory Commission (CERC), in a recent order, approved an imported coal-based thermal power generator’s request for compensation for the additional expenses incurred due to the increase in clean energy cess on coal, settlement of dues because of the introduction of Goods and Services Tax (GST) on imported coal, and the ‘carrying cost’ on account of ‘Change in Law’ events.

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