In a breather for all those developers who have put up Solar plants under the REC scheme, the UERC comes as a shot in the arm, under these orders, the Commission decided to impose a penalty of Rs. 20,000/- on Managing Director of the respondent Company.
It was further ordered:
a. The aforesaid penalty be deposited within 30 days of this Order.
b. The pending procurement of RECs ordered vide order dated September 11, 2013 be done expeditiously but before March 31, 2014. Non-compliance will attract an additional penalty of Rs. 2,000/- per day thereafter.
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