Gujarat to appeal against solar-tariff cut rejection1 min read . Updated: 07 Nov 2013, 07:05 PM IST
Gujarat Urja Vikas Nigam Ltd filed a petition in May seeking to lower the tariff by 28%, citing excessive profits earned by plant owners
Mumbai: India’s biggest solar power-producing state, Gujarat, plans to file an appeal with regulators on their decision to reject a tariff cut for photovoltaic plants. The Gujarat Electricity Regulatory Commission will hear the appeal on 11 November, said Hemant Sahai, a lawyer representing solar developers that are fighting the state’s attempts to reduce the rate paid for power produced by their plants.
Gujarat Urja Vikas Nigam Ltd (GUVNL), the state power purchaser, filed a petition in May seeking to lower the tariff for solar power by 28%, citing the excessive profits earned by plant owners. The regulatory commission rejected the petition in August, saying GUVNL cannot alter the terms of the contract retrospectively.
Raj Gopal, managing director at GUVNL, was unavailable when called at his office on Thursday and didn’t respond to an e-mail seeking comment. Bloomberg