Home Tag "Force Majeure"

In the matter of: To specify a reduced rate (subject to maximum 6% per annum) of late payment surcharge(LPS) for payment which becomes delayed

In the matter of: Directions vide letter No. 01/04/2020-EB(PR)/180-182 dated 30.03.2020 Govt. of Punjab, Department of Power issued under Section 108 of the Electricity Act, 2003 to specify a reduced rate (subject to maximum 6% per annum) of late payment surcharge(LPS) for payment which becomes delayed beyond the due date during the period from 24.03.2020 […]

In the matter of: To specify a reduced rate of LPS for payment which becomes delayed beyond the due date

In the matter of: Directions vide letter No. 01/04/2020-EB(PR)/180-182 dated 30.03.2020 Govt. of Punjab, Department of Power issued under Section 108 of the Electricity Act, 2003 to specify a reduced rate (subject to maximum 6% per annum) of late payment surcharge(LPS) for payment which becomes delayed beyond the due date during the period from 24.03.2020 […]

Withdraw capacity charges on power utility, says Capt Amarinder Singh

Citing the nationwide lockdown in place since March 24, 2020, Captain Amarinder said,” Due to imposition of restrictions on the operations of all kinds of establishments, barring those providing essential services, the demand for power has resultantly been severely reduced.” CHANDIGARH: Punjab chief minister Captain Amarinder Singh on Monday urged the Union Power Ministry to […]

Force Majeure should have built-in relief for incurred costs: Ashish Khanna, MD & CEO, Tata Power Solar and President, Tata Power Renewables

“The entire industry, not just Tata Power Solar is importing Chinese equipment and since we are an EPC contractor, we are importing even for clients” In the current situation of liquidity crunch, the renewable industry is in flux and we don’t foresee people investing in CAPEX right now tells Ashish Khanna, MD & CEO, Tata […]

IREDA to handle CPSU Scheme on behalf of MNRE

The amended clause also added that all issues regarding time-extension and dispute resolution on force majeure events will also be dealt by IREDA New Delhi: The Ministry of New and Renewable Energy (MNRE) has appointed the Indian Renewable Energy Development Agency Limited (IREDA) as the implementing agency to handle the Central Public Sector Undertaking (CPSU) […]
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