CERC Gives Relief to Solar Project Developers by Accepting GST as ‘Change in Law’

The Central Electricity Regulatory Commission (CERC) has issued an order to compensate solar power developers (SPD) by giving them an upfront lumpsum payment, which they would have incurred as an additional capital expenditure after the introduction of GST Law. CERC has also asked the government agencies to make adjustments in the quoted tariff because of the additional operating and recurring exp…