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CENTRAL ELECTRICITY REGULATORY COMMISSION
Jishnu Barua, Chairperson, Ramesh Babu V., Member, Harish Dudani, Member, Ravinder Singh Dhillon, Member
NTPC Green Energy Ltd. – Appellant
Versus
Telangana State Southern Power Distribution Company Ltd. – Respondent
| Table of Content |
|---|
| 1. project background and parties involved (Para 1 , 2 , 3) |
| 2. petitioner's change in law claims (Para 4 , 8 , 10) |
| 3. factual timeline and commissioning delays (Para 5 , 16 , 17 , 25) |
| 4. respondents' objections to delay and claims (Para 9 , 11) |
| 5. issues framed and preliminary objections rejected (Para 12 , 13 , 14 , 15 , 18) |
| 6. gst rate increase qualifies as change in law (Para 19 , 20 , 21 , 22) |
| 7. bcd increase on solar inverters is change in law (Para 23 , 24) |
| 8. annuity-based compensation methodology approved (Para 26 , 27 , 28 , 29 , 30 , 31 , 32) |
| 9. carrying cost entitlement despite no restitution clause (Para 34 , 35 , 36 , 37 , 38) |
| 10. findings summary with supreme court caveats (Para 39 , 40 , 41 , 42 , 43) |
ORDER
The Petitioner, NTPC Green Energy Limited (NGEL), is a wholly owned subsidiary of NTPC Limited (NTPC). NTPC has implemented 1692 MW of solar capacity under the Central Public Sector Undertaking Scheme. On 05.03.2019 the Ministry of New & Renewable Energy (MNRE) issued Central Public Sector Undertaking (CPSU) Scheme Phase-II for setting up of 12000 MW Grid-Connected Solar photovoltaic Power Projects (SPVP) by the Government Producers with viability Gap Funding
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