POWER

Power Minister approves dispute avoidance mechanism for hydro power contracts

Power Minister R K Singh has approved formulation of ‘Dispute Avoidance Mechanism’ for construction contracts of central public sector enterprises executing hydro power projects, the power ministry said on Wednesday.

The dispute avoidance mechanism mandates the appointment of independent engineers having domain knowledge of the subject for a specific project can have regular oversight over the project, with open communication with all the key stakeholders that can play an effective role in the avoidance of disputes, the ministry said in a release.

A “Dispute Avoidance Mechanism” through ‘Independent Engineer’ (IE), has been given approval by Union Minister of Power, New and Renewable Energy R K Singh, the ministry said.

It mentioned that the mechanism of appointing an independent engineer, third party, who is an “expert” having domain knowledge of the subject as well as commercial and legal principles

Source
ET Energy World
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