In Short : India is considering a $12 billion (₹1 lakh crore) bailout to rescue debt-laden state power distribution companies. The plan, led by the Power and Finance Ministries, ties funding to reforms requiring states to privatize or list utilities within three years. With losses exceeding ₹7 trillion, the initiative aims to restore financial stability […]
Petition for “Change in Law” in the PPA to be executed by State DISCOMs with Project Developers and approval of draft PPA – EQ
Summary: — # ⚖️ Case Details * **Forum:** Gujarat Electricity Regulatory Commission (GERC), Gandhinagar. * **Petition Nos.:** 2269 of 2023 with 2270, 2271, 2272, and 2273 of 2023 (heard together). * **Filed under:** Section 86(1)(b) & (e) of the Electricity Act, 2003. * **Subject:** Petitions for incorporating **“Change in Law”** provisions in PPAs to be […]
