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Daily News Wrap-Up: APTEL Directs BESCOM to Refund Liquidated Damages

JSERC says Bokaro Steel's cogeneration plant is fulfilling renewable purchase obligations

June 6, 2024

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The Appellate Tribunal For Electricity has quashed a Karnataka Electricity Regulatory Commission order that rejected Photon Suryakiran’s petition asking for Bangalore Electricity Supply Company (BESCOM) not to reduce the tariff of the delayed solar project from ₹7.05 (~$0.084)/kWh to ₹6.51 (~$0.078)/kWh. The Tribunal directed BESCOM to refund any liquidated damages recovered, with interest. BESCOM must also pay the tariff at ₹7.05 (~$0.084)/kWh, including any differential amounts due from the date of commissioning, with interest.

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