CERC Grants Change-in-Law Relief to 300 MW Solar Project Over GST Hike - Mercomindia.com

The Central Electricity Regulatory Commission (CERC) has ruled that the Goods and Services Tax (GST) rate increase notified on 30 September 2021 qualifies as a ‘Change in Law’ event under the Power Purchase Agreement (PPA) dated August 20, 2021, between Thar Surya 1 (TS1PL) and the Solar Energy Corporation of India (SECI). The Commission ruled that Thar Surya 1 is entitled to compensation for the…