Shri R K Singh Approves Dispute Resolution Mechanism For Solar/ Wind Sector
In a major decision to facilitate the solar and wind energy projects, Shri R K Singh, Union Minister of State for Power and New & Renewable Energy (IC) and Skill Development & Entrepreneurship has approved a proposal to set up a Dispute Resolution Committee to consider the unforeseen disputes between solar/wind power developers and SECI/NTPC, beyond contractual agreement. Emphasising the importance of this step, Shri Singh said that the move will give further fillip to the smooth implementation of solar/ wind energy projects in India. It fulfils a long pending demand of the industry to resolve expeditiously, unforeseen disputes that may arise beyond the scope of Contractual Agreements. The Solar and Wind Industry have been demanding setting up of Dispute Resolution Mechanism by MNRE for quite some time, to resolve expeditiously, unforeseen disputes that may arise beyond the scope of Contractual Agreements between solar power developers/wind power developers and SECI/ NTPC.
The issue was considered and it was felt that there is need to erect a transparent, unbiased Dispute Resolution Mechanism, consisting of an independent, transparent and unbiased 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 Contractual Agreements between solar power developers/wind power developers and SECI/NTPC.