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ARTICLE · 09 MAY 2020

COVID-19 Regulatory Updates | Power Sector

Khaitan & Co.
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As the nation has entered the final week of the 21 day nation-wide lockdown announced by the Indian Prime Minister with effect from 25 March 2020 pursuant to the COVID – 19 outbreak, we take a stock of key regulatory measures ...

IndiaCoronavirus (COVID-19)

As the nation has entered the final week of the 21 day nation-wide lockdown announced by the Indian Prime Minister with effect from 25 March 2020 pursuant to the COVID – 19 outbreak, we take a stock of key regulatory measures taken on Central as well as State levels by authorities which have a direct impact on the power sector. We have set out below an overview of the key regulatory updates impacting the power sector:

CENTRAL GOVERNMENT

Ministry of Finance

  • Disruption in supply chains due to spread of coronavirus qualifies as a Force Majeure (FM) event:
    On 19 February 2020, Ministry of Finance had clarified that the disruption in supply chains due to spread of coronavirus in China or any other country will be covered under the FM clause. Ministry of New and Renewable Energy (MNRE) has further clarified that spread of coronavirus should be considered as a case of natural calamity and FM clause under the contractual agreements may be invoked, wherever

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