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January 30,2025

CERC Approves Compensation for Beempow’s Solar Project

Beempow Energy grant relief from CERC for its 350 MW Solar Project at Agar Solar Park, Madhya Pradesh, due to a GST hike from 5% to 12%/18% in 2021. The energy is procured at Rs 2.44/unit by MPPMCL and Indian Railways. CERC acknowledged the GST change as a “Change in Law” event, directing compensation at a 9.

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