Company challenges PSERC tariff cut and recovery demand
DEEDEV · price
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DEE Development Engineers has challenged PSERC orders dated May 15, June 12, August 20 and September 4, 2025 before the Punjab and Haryana High Court. The orders reduced the variable tariff for its 8 MW biomass project from Rs 5.89 per kWh to Rs 3.897 per kWh, with 5 percent escalation. The company is also contesting retrospective recovery demands from PSPCL. The petition has been admitted and is awaiting a decision.
The case could affect project revenue, past recoveries, earnings and cash flow, but the outcome and timing remain uncertain.