Relief for Change in Law. 12.2.1 The aggrieved Party shall be required to approach the Appropriate Commission for seeking approval of Change in Law.
Relief for Change in Law. 9.2.1 In case Change in Law results in the Power Producer’s costs directly attributable to the Project being decreased or increased by one percent (1%), of the estimated revenue from the Electricity for the Contract Year for which such adjustment becomes applicable or more, during Operation Period, the Tariff Payment to the Power Producer shall be appropriately increased or decreased with due approval of GERC.
Relief for Change in Law. 12.2.1 During Construction Period, the impact of increase/decrease in the cost of the Project on the Transmission Charges shall be governed by the formula given in Schedule 9 of this Agreement
Relief for Change in Law. 15.2.1 The aggrieved Party shall be required to approach the KERC for seeking approval of Change in Law.
Relief for Change in Law. 11.4.1 The aggrieved Party shall be required to approach the MERC for seeking approval of such Change in Law.
Relief for Change in Law. 12.2.1 Save and except as provided under Article 12.1.3, the aggrieved Party shall be required to approach the Hon’ble CERC for seeking approval of Change in Law.
Relief for Change in Law. 9.2.1 If a Change in Law results in the Generator’s costs directly attributable to the Project being decreased or increased by one percent (1%), of the estimated revenue from the Electricity for the Contract Year for which such adjustment becomes applicable or more, during Operation Period, the Tariff Payment to the Generator shall be appropriately increased or decreased with due approval of MERC.
Relief for Change in Law. 15.2.1 The aggrieved Party shall be required to approach the AERC for seeking approval of Change in Law:
Relief for Change in Law a) In case Change in Law on account of 9.1.1 (a) above results in the SPG’s costs directly attributable to the Project being decreased or increased by one percent (1%), of the estimated revenue from the Electricity for the Contract Year for which such adjustment becomes applicable or more, during Operation Period, the Tariff Payment to the SPG shall be appropriately increased or decreased with due approval of GERC.
Relief for Change in Law. 12.2.1 In case of Change in Law taking place prior to commissioning of the Project, the compensation will be passed through on in the form of increase/decrease in the tariff, linked with increase/decrease in the Project cost, which will be automatically paid through the monthly energy billing. The pass through in this case shall be as per the formula / provisions as stipulated in Schedule-A and shall be effective from date of commissioning of the Project. BESSD shall be required to provide a statutory auditor certificate supported by Board Resolution in regard to implications (loss/ gain) arising out of Article 12.
