ACME Wins Rs 474 Million Compensation In RERC Change-In-Law Case
POWER & RENEWABLE ENERGY

ACME Wins Rs 474 Million Compensation In RERC Change-In-Law Case

ACME Aklera Power Technology Private Limited, a subsidiary of ACME Solar Holdings Limited, has secured compensation of about Rs 474 million as change-in-law relief from the Rajasthan Electricity Regulatory Commission (RERC). The ruling is expected to boost revenue for the company’s 250 MW solar project contracted with SECI, providing an additional 3.5 per cent income over a 15-year period. The order sets a significant precedent for regulatory clarity and cost stability in India’s renewable-energy sector.

The awarded amount covers the imposition of basic customs duty on solar cells and modules, the increase in GST from 5 per cent to 12 per cent, and carrying costs associated with these changes. The compensation will be paid through an annuity mechanism at a discount rate of 9 per cent over 15 years, ensuring a fair recovery of unforeseen regulatory cost escalations while safeguarding project economics.

The timely adjudication by RERC and its clear directions for payment have reinforced confidence among investors and developers, highlighting a supportive regulatory environment for renewable-energy growth in India

ACME Aklera Power Technology Private Limited, a subsidiary of ACME Solar Holdings Limited, has secured compensation of about Rs 474 million as change-in-law relief from the Rajasthan Electricity Regulatory Commission (RERC). The ruling is expected to boost revenue for the company’s 250 MW solar project contracted with SECI, providing an additional 3.5 per cent income over a 15-year period. The order sets a significant precedent for regulatory clarity and cost stability in India’s renewable-energy sector. The awarded amount covers the imposition of basic customs duty on solar cells and modules, the increase in GST from 5 per cent to 12 per cent, and carrying costs associated with these changes. The compensation will be paid through an annuity mechanism at a discount rate of 9 per cent over 15 years, ensuring a fair recovery of unforeseen regulatory cost escalations while safeguarding project economics. The timely adjudication by RERC and its clear directions for payment have reinforced confidence among investors and developers, highlighting a supportive regulatory environment for renewable-energy growth in India

Next Story
Infrastructure Urban

Centre Boosts FPO Growth With New Credit And Market Support

The Government is implementing the Central Sector Scheme on the formation and promotion of 10,000 Farmer Producer Organisations (FPOs), under which all 10,000 FPOs have now been registered. The scheme provides Rs 1.8 million per FPO for three years as management support, a matching equity grant of up to Rs 1.5 million, and a credit guarantee of up to Rs 0.02 billion through eligible lending institutions. It also offers assistance for training, market linkages and alignment with other schemes. FPOs receive support to obtain input licences for seed, fertiliser and pesticide supplies, as well as..

Next Story
Infrastructure Urban

PM-KISAN Drives Farm Income Gains And Rural Stability

The PM-KISAN scheme, a central sector initiative launched in February 2019, aims to support the financial needs of farmers holding cultivable land. Under the scheme, Rs 6,000 per year is transferred in three equal instalments to Aadhaar-seeded bank accounts through Direct Benefit Transfer. Eligibility is based primarily on cultivable landholding, with certain exclusions for individuals of higher economic status. A farmer-centric digital infrastructure ensures scheme benefits reach farmers across India without intermediaries. With full transparency in registration and verification, the Governm..

Next Story
Infrastructure Urban

Govt Extends Pro Tem Security Certificate To Two Years

In a further push to improve ease of doing business and ensure continuity for the telecom industry, the National Centre for Communication Security (NCCS) under the Department of Telecommunications has extended the validity of the Pro Tem Security Certification from six months to two years. The Pro Tem Certification, initially launched in October 2024 with a six-month validity, was designed to prevent business disruption for IP Router and Wi-Fi CPE products, which became subject to mandatory security certification from 1 October 2024. Under this certification, OEMs submit a declaration confirm..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App