Covid-19: Will arbitration help India navigate legal wildfire expected in energy sector?
The energy sector is built on a structured framework which relies on predictable demand and supply
Arbitration has various advantages facilitated by recent amendments to the Arbitration and Reconciliation Act
Billions have been confined between their walls and are lost in their devices due to the COVID-19 crisis. In these unprecedented times, the irreplaceable role of electricity in modern lifestyle has been highlighted. In India, the maximum daily load of electricity was 162 GW on March 22nd. However, this load dropped by 41 GW to 121 GW by March 31 after the announcement of the much needed lockdown. While the share of fossil-based dispatch has gone down substantially, renewable power, being a priority dispatch, has largely maintained its supply.