Solar firms write to law minister; request re-examination of Punjab Renewable Energy Bill 2021 – EQ Mag Pro
Solar power companies have written to the Ministry of Law and Justice to re-examine the Punjab Renewable Energy Security, Reform, Termination and Re-Determination of Power Tariff Bill, 2021.
The National Solar Energy Federation of India (NSEFI), an umbrella organization representing solar firms, on Monday said the companies were aggrieved by the passing of the Bill by the state legislature of Punjab. The Bill was introduced and passed in the Punjab State Assembly on 11 November 2021.
The Bill has been referred to the President for his final assent. “We request your kind intervention in this regard since the promulgation of the Bill into law will be greatly determinantal to the interests of all solar power developers operating in the state of Punjab,” NSEFI said in the letter addressing the law ministry.
It added that the Bill involves a lot of questions of constitutionality and validity and if given final assent by the President and brought into force, it will be extremely detrimental to the industry.
“This will make the current renewable projects completely unviable and will have huge ramifications across the entire renewable energy sector development, shadowing the sector with a negative investment outlook.
Source : PTI
