CERC Directs SECI Not to Encash Bank Guarantees of Delayed Wind Project
The Central Electricity Regulatory Commission (CERC), in a recent order, directed the Solar Energy Corporation of India (SECI) not to encash the performance bank guarantee (PBG) furnished by Adani Wind ...
Maharashtra Regulator Denies Solar Developer’s Plea to Return Bank Guarantee
The Maharashtra Electricity Regulatory Commission (MERC) has dismissed ACME Solar's plea for the return of performance bank guarantee (PBG). It said that the power purchase agreement (PPA) specifies conditions for ...
PGCIL Reduces Bank Guarantee for its Power Transmission Projects from 10% to 3%
The Power Grid Corporation of India Limited (PGCIL), a government-owned company engaged mainly in the transmission of Power, has issued new performance security guidelines. According to the existing guidelines, the ...
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 ...
Despite COVID-19, About $7 Billion Worth of Solar Tenders Announced in Q1
While the global pandemic continues to affect the solar industry around the world, India announced 14 GW of solar tenders. Despite the pandemic, about 3.5 GW of solar projects were ...
MNRE Mulls Alternatives for EMD & PBG to Ease Liquidity in the Solar Sector
MNRE is considering alternative arrangements for earnest money deposits (EMDs) and performance guarantees (PBGs) submitted by developers to Solar Energy Corporation of India (SECI) and the National Thermal Power Corporation ...
Lender Can Substitute Promoter in Case of Solar Generator Default: Amended Guidelines
The Ministry of Power has amended the competitive bidding guidelines for the procurement of power from grid-connected solar photovoltaic (PV) projects. This is the third time these guidelines have been amended. The ...
CERC Orders Tariff Settlement for a 1.5 GW Hydro Project in Himachal Pradesh
The Central Electricity Regulatory Commission(CERC) has settled a dispute regarding the tariff determination of a hydro project in Himachal Pradesh. The CERC was hearing a petition filed by Sutlej Jal ...
CERC Directs NTPC to Return Bank Guarantees of Three Developers in Bhadla Solar Park
The Central Electricity Regulatory Commission (CERC) has ruled in favor of three independent power producers (IPPs) regarding the payment of their performance bank guarantee (PBG) to the tune of ₹255 ...
EPC Contractors Invited to Construct 150 MW of Solar PV Projects in Gujarat
The Gujarat Industries Power Company Limited (GIPCL) is looking for engineering procurement construction (EPC) contractors to develop 150 MW of grid-connected solar photovoltaic (PV) projects. The bid submission deadline is ...
Delhi’s IPGCL Finalizes CAPEX Bids for its 35 MW Rooftop Solar Tender
After the RESCO bids that were collected last week, the Capital Expenditure (CAPEX) bids for the tender issued by Delhi’s Indraprastha Power Generation Co. Ltd. (IPGCL) have now been finalized ...
Maharashtra Issues Tender to Procure 500 MW of Wind Power from Existing Projects
The Maharashtra State Electricity Distribution Company Limited (MSEDCL) has issued a tender to procure 500 MW of wind power from projects in the state that are already in operation or ...
ReNew Power Fined for Project Commissioning Delay but PPA Not Terminated
The Supreme Court of India has asked renewable energy project developer ReNew Power to pay a penalty of ₹119 million (~$1,827,700) to the Madhya Pradesh Power Management Company Limited (MPPMCL) ...