News & Articles

Sep 27 2019
Infrastructure Newsletter
By Link Legal - dated 27th September 2019

Establishment of Dispute Resolution Committee by Ministry of New and Renewable Energy

A few months ago, on July 1, 2019 the Government of Andhra Pradesh (“GoAP”) caused massive alarm in the power and solar energy sector, by issuing an order for the constitution of a High Level Negotiation Committee whose primary task was to review, negotiate, and reduce the energy purchase prices in the signed Power Purchase Agreements (“PPAs”). The reasoning provided by the GoAP was that power distribution companies (“DISCOMs”) were facing massive losses because of the high tariff rates charged...

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