Section 5(vi) in Jammu and Kashmir State Electricity Regulatory Commission (Mini Grid Renewable Energy Generation and Supply) Regulations, 2016
(vi)If the Distribution Licensee refuses to enter into the PPA with the Mini Grid Operator, the Distribution Licensee shall pay the Mini Grid Operator an amount based on the renewable energy technology specific applicable floor price of REC equivalent to the RPO quantum availed by the Distribution Licensee against the Mini-Grid Project capacity intimated by the Mini Grid Operator.
