Amendment status not verified — confirm the current text below against the official source.
(1) The Commission may review the renewable purchase obligation of the obligated entities and all matters incidental thereto periodically. (2) The obligated entity which fails to meet its renewable purchase obligation in full in any financial year due to any genuine difficulty may apply to the Commission for permission to carry forward to the next financial year, the short fall in its renewable purchase obligation. (3) The Commission shall issue appropriate orders on such application with reasons thereof and communicate the same to the obligated entity within a period of sixty days from the date of receipt of such application; Provided that the application under Regulation 11.2 shall not be rejected without affording to the obligated entity, an opportunity of being heard. (4) Where the Commission has granted permission to carry forward to the next financial year, the short fall in its renewable purchase obligation during that financial year, as per orders issued under Regulation 11.3 above, no proceedings for noncompliance of RPO under these Regulations shall be initiated against such Obligated Entity.