Supreme Court rules GBI must be paid over and above tariff
The Supreme Court of India has held that the Generation Based Incentive (GBI) scheme introduced by the Ministry of New and Renewable Energy (MNRE) is to be paid to renewable energy generators over and above the tariff determined by state electricity regulatory commissions. A bench of J.S. Narasimha and Jatul S. Chandurkar dismissed an appeal filed by Southern Power Distribution Company of Andhra Pradesh Limited and another, upholding the judgment of the Appellate Tribunal for…