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DERC Extends Scheduled Delivery Date On account of Force Majeure

DERC Extends Scheduled Delivery Date On account of Force Majeure

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In the matter of: Petition seeking extension of Scheduled Delivery Date (SDD) under Section 86(1)(b), (e) and (f) of the Electricity Act, 2003 read with Article 4.1.1 read with Article 7 of the respective Power Purchase Agreements
dated 15.07.2015 executed between M/s TPDDL and SEI Renewable Energy Private Ltd., SEI Jyotiswaroop Power Private Ltd. and SEI Ravikiran Energy Private Ltd.

In view of the above, summary of our decision with respect to the prayers of the Petitioner is as under: –

a. On account of Force Majeure condition, the extended Scheduled Delivery Date shall be 27.10.2020.
b. No indemnification payments will be payable to the Respondent for the period of delay between 25.03.2020 till Actual Delivery Date i.e. 27.10.2020.

For more information please see below link:

Anand Gupta Editor - EQ Int'l Media Network