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Gujarat Regulator Bars Termination of PPA for Delayed 280 MW Solar Project

The Commission declined to restrain GUVNL from encashing the bank guarantee

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The Gujarat Electricity Regulatory Commission (GERC) has restrained Gujarat Urja Vikas Nigam (GUVNL) from terminating its power purchase agreement (PPA) for the uncommissioned capacity of a 280 MW solar project until the final adjudication of the developer’s force majeure claims.

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