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Petition – Grant of consequential relief to compensate for the increase in capital cost due to introduction and imposition of Safe Guard Duty 

Petition – Grant of consequential relief to compensate for the increase in capital cost due to introduction and imposition of Safe Guard Duty 

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Petition under Section 79(1)(b) read with Section 79(1)(f) of the Electricity Act, 2003 for (i) declaration of ‘Change in Law’ event; and (ii) grant of consequential relief to compensate for the increase in capital cost due to introduction and imposition of Safe Guard Duty by way of Notification No.01/2018- Customs SG dated 30.7.2018 issued by the Department of Revenue, Ministry of Finance, in terms of Article 17 of the power purchase agreement dated 17.4.2017 between Mahindra Renewables Private Limited and M.P. Power Management Company Limited and power purchase agreement dated 17.4.2017 between Mahindra Renewables Private Limited and Delhi Metro Rail Corporation.

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Anand Gupta Editor - EQ Int'l Media Network

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