News & Articles

Jun 05 2020
Infrastructure Newsletter
By Link Legal - dated 05th June 2020

Late Payment Surcharge under Power Purchase Agreements

This article makes an attempt to determine whether Distribution Companies (the “DISCOMs”) are eligible to avoid liability of Late Payment Surcharge (the “LPS”) under power purchase agreements executed by them with renewable energy generating companies (the “REGC”) for supply of power during the period March 21, 2020 till June 30, 2020 on account of COVID -19...

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