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LoU from IREDA, PFC, REC to Serve as Bank Guarantees for Solar Tenders

The letters of undertaking can be obtained by offering due security to the three financial institutions

September 8, 2020

/ Rahul Nair
/ Markets & Policy, Solar
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Union Power Minister R.K. Singh has approved the proposal to accept letters of undertaking (LoU) from three non-banking financial institutions that can be used like bank guarantees in renewable tenders.

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Rahul Nair

More articles from Rahul Nair.
bank guaranteeEMDIREDALetter of UndertakingMNRENHPCNTPCpfcRECSECI
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