Tuesday, February 04, 2014: National solar power and renewable energy developers along with EPC companies have welcomed the Uttarakhand Electricity Regulatory Commission’s (UERC) recent directive wherein violators of state RPOs including Uttarakhand Power Corporation Ltd (UPCL) have been penalised with fine.
With the order dated 11 September 2013, UERC had directed UPCL to procure Renewable Energy Certificates (RECs) for unmet RPO of 59.12 million units of non-solar sources for fiscal year 2011-12 within 2 months.
Under the court ruling, UPCL has been asked to pay a fine of Rs 20,000 for its non-compliance with the RE Regulations, 2010 & RPO Regulations 2010 within 30 days of the Order. In case of non-compliance, UPCL will have to pay an additional penalty of Rs 2,000 per day after the due date. The financial implication of the solar obligation is estimated to be around Rs 88.7 million.
It was observed that UPCL has been time and again making repeated non-compliance of the directions issued to it with the company citing its poor financial position in argument.
