The Solar and Wind Industries have been demanding for setting up of Dispute Resolution Mechanism by the Ministry of New and Renewable Energy (MNRE), to resolve expeditiously, unforeseen disputes that may arise beyond the scope of contractual agreements between solar power developers/wind power developers and the Solar Energy Corporation of India (SECI)/NTPC.
In its latest order the MNRE has observed that there is in fact a need to erect a transparent, unbiased Dispute Resolution Mechanism, consisting of a Dispute Resolution Committee (DRC), for resolving the unforeseen disputes that may arise in implementation of contractual agreements and also for dealing with issues which are beyond the scope of agreements between project developers and SECI/NTPC.
The Government after careful examination of the issues involved has issued the following orders:
(i) A three-member DRC will be set up with the approval of Hon’ble Minister (NRE), consisting of eminent persons of impeccable integrity. Read More