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 ...
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
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 ...
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) ...
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 ...