MSEDCL Seeking Compensation as per Power Sale Agreement Executed with SECI
MSEDCL Seeking Compensation as per Power Sale Agreement Executed with SECI
Case of Maharashtra State Electricity Distribution Company Limited Seeking Compensation as per Power Sale Agreement Executed with Solar Energy Corporation of India Limited (Intermediary Procurer) and compensation on account of delay in achieving the Scheduled Commercial Operation Date as per Power Purchase Agreement executed between Solar Energy Corporation of India Limited (Intermediary Procurer) and Solar Power Developer
1.Case No. 346 of 2019 is partly allowed.
2. Solar Energy Corporation of India Limited shall pass on following benefits to Maharashtra Electricity Distribution Co. Ltd:
a. Compensation for short supply of energy during Contract Year post COD of the project.
b. Amount towards encashment of bank guarantee for delay in commissioning of the project if such bank guarantee has been encashed post creation of fund for payment security mechanism equivalent to three months payments to the projects commissioned under the applicable MNRE guidelines.
c. Amount of benefit accrued due to reduction in tariff of the project due to delay in commissioning of the project and henceforth raise the bill at such reduced tariff rate.
3. Solar Energy Corporation of India Limited shall share the above stated details to Maharashtra Electricity Distribution Co. Ltd and pass on any accrued benefit as directed above within a month from the date of this Order
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