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The policy framework in India brought private sector interest in the electricity generation after enactment of the Electricity Act, 2003. Fuel - coal being the critical component of generation segment, was 100% guaranteed by the Coal India Limited through its subsidiaries. Over the period, private generators faced the challenges in terms of securing fuel supplies although, the long term PPAs were in place and operation.
With the mandate of compulsory procurement of power by distribution companies through competitive bidding, many discoms entered into PPAs prepared based on the Standard Bidding Documents issued by Government of India. One of the important article under this case-1 bid PPA is “Change in Law”, wherein the party affected due to any Change in Law event during operation period after the specified cut-off date
Infrastructure projects are capital intensive and inherently have long gestation period. The major issues which cause the project delays are land acquisition and procedural delays, environment/ forest clearances etc. which are generally beyond the control of the project developer. Associated with this time overrun is the cost overrun, primarily due to finance costs or interest during construction,
The essence of businesses to remain successful in the regulated regime is to envisage and factor in the regulatory risks and at the same time…
Contracts are essential part of the businesses across almost all industries. So are the risks associated with these contracts. During negotiation…
With rapidly changing technology and socio-economic scenarios, companies need to allocate its resources in optimum ways to drive…
Companies across the world are witnessing rapid technological changes, and adapting to the new norms of digital transformation and…
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