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

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

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 ...
/ / Markets & Policy, Solar
MNRE Clarifies Stand on Releasing Performance Bank Guarantees to Solar Developers

MNRE Clarifies Stand on Releasing Performance Bank Guarantees to Solar Developers

The Ministry of New and Renewable Energy (MNRE) has clarified its stand on the release of performance bank guarantees (PBGs) to developers. The government earlier announced that the supply chain ...
SECI Seeks to Encash Bank Guarantee for a Delayed Wind Project, Developer Files Petition

SECI Seeks to Encash Bank Guarantee for a Delayed Wind Project, Developer Files Petition

ReNew Wind Energy (TN) Private Limited, a subsidiary of ReNew Power, has filed a petition with the Central Electricity Regulatory Commission (CERC) asking it to issue orders restraining the Solar Energy ...
/ / Wind
CERC Lists Conditions for Waiver of Bank Guarantee for Long-Term Access Applicants

CERC Lists Conditions for Waiver of Bank Guarantee for Long-Term Access Applicants

Power Grid Corporation of India Limited (PGCIL) filed an instant application requesting the Central Electricity Regulatory Commission (CERC) to provide clarity on the exemption of construction phase bank guarantee (BG) ...
SECI’s 1.2 GW Solar Tender Oversubscribed by 900 MW

Power Purchase Agreements for 23 MW of Solar Projects Approved in Haryana

The Haryana Electricity Regulatory Commission (HERC) has issued an order approving the power purchase agreements (PPAs) of solar projects totaling 23 MW. The commission was examining a common petition filed ...
/ / Markets & Policy, Solar