E-MAIL FOR SPONSORSHIP

Safeguard Duty Reimbursement Only for Minimum Contracted Solar Capacity in PPA: KERC

KERC says Fortum Solar eligible for compensation but carrying costs to be borne by the company

thumbnail

Follow Mercom India on WhatsApp for exclusive updates on clean energy news and insights


The Karnataka Electricity Regulatory Commission (KERC) ruled that the imposition of Safeguard Duty (SDG) on imported solar cells and modules constituted a ‘change in law’ event. It said Fortum Solar India was eligible for claiming compensation for the consequent increase in expenditure in implementing their solar projects following safeguard duty imposition. But the regulator has declined to compensate the company for carrying costs and the cost of additional solar modules procured to optimize the performance of the project.

⭐ This is a premium article. Subscribe to access exclusive content.

Subscribe to Continue Reading

Get unlimited access to premium articles, in-depth analysis, and exclusive content from Mercom India.

Unlimited premium article access
Exclusive market insights
Premium research reports
Ad-free reading experience
Loading subscription plans...

RELATED POSTS

Get the most relevant India solar and clean energy news.

RECENT POSTS