Karnataka Commission Revokes Transfer of Solar Projects: Upholds Land-Owning Farmers Scheme

In a recent development, the Karnataka Electricity Regulatory Commission (KERC) has made a significant decision regarding the transfer of solar projects under the land-owning farmer’s scheme. This decision comes as a response to a commission letter dated September 28, 2018.

The KERC, after reviewing the provisions outlined in the Solar Policy 2014-2021 of the Government of Karnataka, along with the terms of the Power Purchase Agreement (PPA) pertaining to the land-owning farmers scheme, has decided to revoke a previous communication on the matter. This communication, issued in line with the commission’s letter dated September 28, 2018, is now considered null and void.

The directive from the commission instructs all parties involved to adhere strictly to the terms and conditions laid out in the original PPA related to the land-owning farmer’s scheme. Furthermore, the commission has directed the circulation of this decision to all concerned Special Purpose Vehicles (SPVs) for their information and compliance.

This decision underscores the commission’s commitment to upholding the integrity of agreements made under the land-owning farmers scheme and ensuring that all parties involved operate within the framework of the established policies and agreements. It is expected that this decision will have a significant impact on the transfer of solar projects and the involvement of commercial partnership firms in such transactions. The commission’s action serves to provide clarity and guidance in this area, fostering transparency and accountability within the solar energy sector.

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