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Supreme Court Upholds Primacy of Public Interest in Renewables Procurement

Statutory right to decide on depreciation cannot be curtailed by a PPA signed earlier

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The Supreme Court of India has dismissed appeals filed by Gujarat Urja Vikas Nigam (GUVNL) against the orders of the Gujarat Electricity Regulatory Commission (GERC) and the Appellate Tribunal for Electricity (APTEL) that upheld the decisions allowing four wind energy companies to seek separate tariff determinations for not availing the benefit of accelerated depreciation under the Income Tax Act.

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