GERC: Petition of Hindustan Zinc Ltd. v/s GUVNL for refund of the amount equivalent to 25% of proceeds from sale of VERs

Petitioner: Hindustan Zinc Limited

Versus

Gujarat Urja Vikas Nigam Limited

Background: Petition Under Section 86(1) (f) of the Electricity Act, 2003 read with Article 10 of the PPAs dated 23.03.2007 , 04.10.2007, 15.11.2008 executed between the Petitioner and the Respondent seeking directions/Order(s) against the Respondent for Refund of the amount equivalent to 25% of the proceeds from sale of verified Emission Reduction (VERs) for the period 13.