Petition of the Electricity Act of the PPA between Adani Hybrid Energy Jaisalmer Two Ltd. and Solar Energy Corporation of India Ltd. – EQ
Summary:
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#### **1. Parties Involved**
– **Petitioners:**
– Adani Hybrid Energy Jaisalmer Two Limited
– Adani Hybrid Energy Jaisalmer Three Limited
– **Respondents:**
– Solar Energy Corporation of India Limited (SECI) – Primary Respondent
– Other parties (details unspecified in extract)
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#### **2. Nature of the Petitions**
– Both petitions are filed under **Section 79 of the Electricity Act, 2003**, read with **Articles 12 & 16 of the Power Purchase Agreement dated 21.01.2020** between the Adani entities and SECI.
– The core issue pertains to **“Change in Law” compensation**:
– Petitioners seek relief for compensation due under the PPAs and as per the **CERC order dated 19.05.2024** (issued in Petition Nos. 31/MP/2023 and 40/MP/2023).
– They allege that SECI has **erroneously withheld** the said compensation.
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#### **3. Commission’s Directions (6 January 2026)**
– Both petitions are **admitted**.
– **Notices** are to be issued to the Respondents (SECI and others).
– **Next Hearing Date:** **7 April 2026**.
– *Note:* The extract does not specify a timeline for replies/rejoinders, unlike the previous case, suggesting procedural directions may have been recorded elsewhere or will follow.
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#### **4. Key Contractual & Regulatory Context**
– **Articles 12 & 16 of the PPA (21.01.2020):** Typically cover *Change in Law* provisions and *dispute resolution* mechanisms.
– **CERC Order dated 19.05.2024:** Likely a precedent or ruling on similar Change in Law claims, which the petitioners are relying upon.
– **Change in Law:** Refers to events where a change in legislation, regulation, or policy after the PPA signing adversely affects the project economics, entitling the affected party to compensation.
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#### **5. Business Implications**
– This is a **contractual enforcement dispute** revolving around *renewable energy project economics* and *risk allocation* under PPAs.
– Outcome may influence:
– **SECI’s payment practices** for Change in Law claims.
– **Interpretation of PPA clauses** across the renewable sector.
– **Cash flow and financial viability** of hybrid energy projects affected by regulatory changes.
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