RERC Rules Solar Developer Can Claim ₹488 Million for GST Hike, BCD Levy - Mercomindia.com

The Rajasthan Electricity Regulatory Commission (RERC) has allowed a solar developer to claim up to ₹488 million (~$5.5 million) in compensation due to a change-in-law event. The Commission has allowed petitioner ACME Aklera Power Technology (ACME Solar Holdings) to claim compensation of ₹309.7 million (~$3.5 million) to ₹ 399 million (~$4.5 million) for the imposition of basic customs duty (BCD),…