Solar power projects India (Business Opportunities - Marketing & Sales)
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Item ID 133511425 in Category: Business Opportunities - Marketing & Sales
Solar power projects India | |
Justice for Solar power: Tribunal orders Rs. 18.95 crore refund with interest In a pivotal ruling, the Appellate Tribunal for Electricity (APTEL) has emphasized the need for interest as an equitable remedy when funds are wrongfully withheld. The dispute dates back to a solar power project commissioned by Waanep Solar Private Limited (WSPL), a solar power developer in Andhra Pradesh. The project faced delays, prompting Southern Power Distribution Company of Andhra Pradesh (SPDC) to impose liquidated damages amounting to Rs. 18.95 crore. The damages were levied based on a delay of 181 days in completing the solar power project, leading to the invocation of performance bank guarantees and penalties at a rate of Rs. 1 lakh per MW per day for the delayed period, Solar power projects India, Energylineindia. #SolarpowerprojectsIndia #Energylineindia | |
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| Target State: All States Target City : All Cities Last Update : May 02, 2025 11:36 PM Number of Views: 71 | Item Owner : enerylineindia Contact Email: Contact Phone: (None) |
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2025-05-12 (0.393 sec)