The Hon’ble Supreme Court of India (“Supreme Court”), on March 8, 2021, in the matter of Gujarat Urja Vikas Nigam Limited Vs. Mr. Amit Gupta & Ors (“GUVNL Case”), stayed termination of a Po...
The Electricity Act, 2003 (the "Electricity Act") was enacted to consolidate the electricity laws in India. While the Electricity Act facilitated significant private investments, market development, and adoption of transparent tariff mechanism etc., the power sector has been facing various developmental hurdles for some time. Consequently, to address various issues which have been highlighted by the industry and to further reform the power sector, the Ministry of Power ("MoP"), Government of India, released the draft Electricity (Amendment) Bill, 2020 (the "Amendment Bill") on April 17, 2020 to amend the Electricity Act. The MoP has requested the stakeholders to provide their comments and suggestions on the Amendment Bill within 21 (twenty one) days from the date of release of the Amendment Bill (i.e. by or before 8 May, 2020). INDUSLAW’s Avirup Nag and Kush Saggi discuss the highlights of the Amendment Bill.
