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As per a directive from the Central Regulatory Fee (CERC), the expenditures of the brand new submit in addition to further bills incurred by the corporate on account of the appliance of the safeguard obligation have to be reimbursed by Photo voltaic Vitality Company of India (SECI) to Azure Energy FortyOne, a subsidiary of Azure Energy India.
As well as, the Fee has requested that the linked distribution firms (DISCOMs) pay SECI.
Nevertheless, the fee made by SECI to Azure Energy is not going to be impacted by the timing or quantity of the DISCOMs’ fee.
For the aim of creating a 300 MW photo voltaic photovoltaic energy plant in a number of villages, a PPA was signed between Azure Energy, SECI, and Madhya Pradesh Energy Administration Firm.
The imposition of the safeguard obligation brought on the venture price for Azure to skyrocket.
Notably, the import of photo voltaic cells, whether or not built-in into modules or panels or not, was topic to a safeguard obligation by the Central Authorities. For imports made between July 30 and July 29, 2018, this was set at 25%, plus or much less any relevant anti-dumping duties.