Karnataka DISCOMs Asked to Reimburse Solar Developer for Safeguard Duty Imposition
The Commission rejected claims for carrying cost, stating that importing solar modules from countries that did not attract safeguard duty could have saved expenses
June 18, 2021
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The Karnataka Electricity Regulatory Commission (KERC), in a recent order, ruled that Adyah Solar Energy, a subsidiary of ReNew Solar, was entitled to compensation for the additional cost incurred due to the imposition of safeguard duty. The Commission noted that safeguard duty imposed on imported solar cells and modules constituted a ‘Change in Law’ event.
Rakesh Ranjan
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