M/s Prashanti Surya Construction Co. & Ors. v. Central Empowered Committee & Ors.: The Story of Everything that went Wrong with a PPP Project

by Gagan Anand | Feb 19, 2021 | Practitioner

“If human society is to stay within the bounds of critical ecological thresholds, it is imperative that environmental laws are widely understood, respected and enforced and the benefits of environmental protection are enjoyed by people and the planet.” [1]...

The Paradox of Finality: Retrospective Revision of Tariffs for a Concluded and Executed PPA

by Ashima Obhan, QC & ACI Arb, Shivam Patanjali | Feb 17, 2021 | Practitioner

Abstract As India races to be the front runner in renewable energy, DISCOMS have been pressurizing power generators to retrospectively reduce the tariffs for concluded PPAs. On the other hand, State Governments have been falling into a financial blackhole due to the...

Virtual Power Purchase Agreements in India– Resolving Potential Jurisdictional and Statutory Conflicts

by Anuj Singh Chauhan & V. Shanthan Reddy | Feb 11, 2021 | Practitioner

Abstract Virtual Power Purchase Agreement’s (VPPA’s) are unique financial instruments that have the potential to substantially increase the demand for renewable energy, especially from the corporate sector. In India there is a lack of clarity regarding the...