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MERC Rules in Favor of Avaada Energy for Delay in Signing PPA

MERC Rules in Favor of Avaada Energy for Delay in Signing PPA

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MERC Rules in Favor of  Avaada Energy for Delay in Signing PPA

Case of Avaada Energy Pvt. Ltd. seeking issuance of appropriate Order(s)/ directions(s) to MSEDCL inter alia executing the power purchase agreement pursuant to the adoption of tariff by the Commission vide its Order dated 15 May 2020 and letter of award dated 17 June 2020

ORDER

1. The Case No. 4 of 2021 is partly allowed.
2. Both the parties to complete the formalities under the RfS as detailed in Para 17 above.
3. MSEDCL shall not take any coercive action including encashment of Bank Guarantee towards EMD for two weeks from the date of this order.

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Anand Gupta Editor - EQ Int'l Media Network