https://www.taxtmi.com/caselaws?id=291134 The Electricity Act, 2003 and the Andhra Pradesh Electricity Reform Act, 1998 were read as conferring wide regulatory power on the Commission to determine tariff, fix the purchase price for power generated by non-conventional energy developers, and regulate procurement and third-party sales in the public interest. The Court held that policy guidelines and contractual arrangements did not oust that jurisdiction. It also found no clear, unequivocal promise capable of attracting promissory estoppel or legitimate expectation, because the arrangements were reviewable and contemplated price revision. Allegations that the power purchase agreements were executed under duress failed for want of evidence; the agreements remained valid and capable of regulatory review. en-us Thu, 08 Jul 2010 00:00:00 +0530 Sat, 12 Aug 2023 12:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291134 The Electricity Act, 2003 and the Andhra Pradesh Electricity Reform Act, 1998 were read as conferring wide regulatory power on the Commission to determine tariff, fix the purchase price for power generated by non-conventional energy developers, and regulate procurement and third-party sales in the public interest. The Court held that policy guidelines and contractual arrangements did not oust that jurisdiction. It also found no clear, unequivocal promise capable of attracting promissory estoppel or legitimate expectation, because the arrangements were reviewable and contemplated price revision. Allegations that the power purchase agreements were executed under duress failed for want of evidence; the agreements remained valid and capable of regulatory review. Case-Laws Indian Laws Thu, 08 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291134