Supreme Court Upholds Renewable Energy Tariff Decision Against GUVNL

The Supreme Court ruled against Gujarat Urja Vikas Nigam Limited (GUVNL), stating it must prioritize renewable energy according to state policy over its commercial interests. The court affirmed appeals tribunal and regulatory commission decisions, highlighting GUVNL's obligation to act as a model citizen.

GUVNL's attempt to impose an inapplicable tariff on four firms was deemed unfair, as they had not availed accelerated depreciation benefits. The regulations detailed that the contested tariff was for projects benefiting from such depreciation.

The court emphasized GUVNL's role as a state entity bound by policy directives, and it cannot independently pursue commercial gains akin to a private enterprise. The rulings ensure compliance with renewable energy policies.

(With inputs from agencies.)