Order of the Supreme Court of India regarding net present value of wind energy projects, India, 02/11/2018

  • 02/11/2018

Order of the Supreme Court of India in the matter of In Re: T. N. Godavarman Thirumulpad Vs Union of India & Others dated 02/11/2018. Central Empowered Committee had recommended that wind energy projects be given extra 50 per cent of the Net Present Value at the minimum rate for the reason that wind energy projects were eco-friendly. Accordingly, on the basis of this recommendation which was accepted by the Court, an opinion was expressed that the project of the Applicant - Wind World India Ltd, should be given the benefit of 50 per cent Net Present Value even though the project had started prior to the order granting exemption. Under the circumstances, the applicant may be entitled to some refund.