Is Unconditional Letter of Credit the Answer to Solar, Wind Payment Issues_

Is Unconditional Letter of Credit the Answer to Solar, Wind Payment Issues?

Cases of payment delays to renewable generators have become common and on the rise. However, the Ministry of Power has given these developers a shot in the arm by introducing ...
/ / Markets & Policy, Solar
Andhra Allocates ₹5.57 Billion Towards Payment Security Mechanism for Power Purchase

Andhra Allocates ₹5.57 Billion Towards Payment Security Mechanism for Power Purchase

The state government of Andhra Pradesh has set aside a sum of ₹5.57 billion (~$79 million) towards payment security mechanism as notified by the government recently. The amount will be ...
/ / Markets & Policy, Solar
DISCOMs Feel the Heat_ No Letter of Credit, No Advance Payment, No Power

DISCOMs Feel the Heat: No Letter of Credit, No Advance Payment, No Power

The Ministry of Power has issued procedural guidelines for the scheduling of power to distribution companies in case of non-maintenance of the line of credit under the payment security mechanism. Recently, Minister ...
/ / Grid, Market & Policy
Madhya Pradesh Increases Rooftop Solar Tender Capacity from 25 MW to 32 MW

Madhya Pradesh Increases Rooftop Solar Tender Capacity from 25 MW to 32 MW

Madhya Pradesh’s earlier tender for the installation of 25 MW of grid-connected rooftop solar photovoltaic (PV) projects has now been increased to 32 MW. The projects, tendered by the Madhya ...
Madhya Pradesh’s Rewa Ultra Mega Solar Limited Issues 1,500 MW Solar Tender

Madhya Pradesh’s Rewa Ultra Mega Solar Limited Issues 1,500 MW Solar Tender

Rewa Ultra Mega Solar Limited (RUMS) has tendered a total of 1,500 MW of grid-connected solar photovoltaic (PV) projects which will be developed across three solar parks in the state ...
/ / Solar, Tenders & Auctions