Govt sets up 3-member panel to settle unforeseen disputes between developers and implementing agencies!
Science and Technology
The upper age limit for DRC members is set at 70 years, and the committee members are chosen from Delhi-NCR to avoid additional expenses related to air travel and accommodation. The DRC's jurisdiction extends to all renewable energy schemes, programs, and projects implemented through REIAs. Additionally, it covers contractual agreements between REIAs and EPC contractors executing renewable energy projects owned by a REIA. However, this is contingent on the REIA committing to abide by the decisions arising from this mechanism.
The dispute resolution mechanism, known as the Dispute Resolution Committee (DRC), was introduced as part of the revised dispute settlement mechanism announced by the Ministry in June 2023.
The upper age limit for DRC members is set at 70 years, and the committee members are chosen from Delhi-NCR to avoid additional expenses related to air travel and accommodation.
This initiative is expected to streamline dispute resolution processes, promoting fairness and efficiency in the renewable energy sector, and ensuring the smooth execution of projects under REIAs.
About Dispute Resolution Committee (DRC):
Section 245MA (1) and (2) of the Income-tax Act empowers the Central Government to constitute one or more Dispute Resolution Committees (DRCs) for dispute resolution
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