Renewable Energy - APTEL’s Order On Compensation For Grid Curtailments Is A Positive For The Sector: ICRA
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICRA Research Report
The renewable energy independent power producers in the states of Andhra Pradesh and Tamil Nadu have witnessed grid curtailments in recent years, which is in contrast to the must-run status accorded to these plants.
Despite the stricter direction issued by state electricity regulators, the Ministry of New and Renewable Energy and courts, the grid curtailments persisted in a few states, given the lack of compensation mechanism in the legacy power purchase agreements.
Based on petition filed by affected solar developers in Tamil Nadu, the Appellate Tribunal for Electricity issued an order in August 2021 stating that the actions of state utility of Tamil Nadu were ‘mala fide’ in issuing backdown instructions for commercial reasons.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.