The Ministry of New & Renewable Energy (MNRE) has announced the membership to its Dispute Resolution Committee (DRC) ) for the resolution of unforeseen disputes. This order was issued on January 1, 2024.
The MNRE had previously announced a revised Dispute Resolution Mechanism (DRM) for the resolution of unforeseen disputes arising in the implementation of contractual agreements related to renewable energy projects. An order to this effect was issued on 7th June, 2023.
The new DRM established a transparent and unbiased process through an independent Dispute Resolution Committee (DRC). The committee, would consist of eminent individuals of impeccable integrity, will be set up with the approval of the Minister of New & Renewable Energy. The upper age limit for DRC members will be 70 years, and they will be selected from eminent persons located in the National Capital Region (NCR) of Delhi to minimize travel and accommodation expenses. The selection process will ensure no conflict of interest among the committee members.
Now therefore, by the present order, the MNRE has notified 3 members of this committee.