MNRE Reduces Performance Guarantee to 3% for Renewable Energy Tenders

MNRE Reduces Performance Guarantee to 3% for Renewable Energy Tenders

The Ministry of New and Renewable Energy (MNRE) has reduced the performance security deposits to 3% of the contract value for all renewable tenders issued until March 31, 2023. The ...
/ / Uncategorized
APTEL Asks Power Grid to Refund Encashed Bank Guarantees to Three Wind Energy Generators

APTEL Asks Power Grid to Refund Encashed Bank Guarantees to Three Wind Energy Generators

The Appellate Tribunal for Electricity (APTEL), in a recent order, set aside the order passed by the Central Electricity Regulatory Commission (CERC) and directed Power Grid Corporation of India Limited ...
/ / Other, Wind
MNRE Increases Performance Bank Guarantee for Upcoming Renewable Tenders

MNRE Increases Performance Bank Guarantee for Upcoming Renewable Tenders

The Ministry of New and Renewable Energy (MNRE) has reinstated the earnest money deposit (EMD) requirements and set it at 2% of the estimated project cost for upcoming renewable energy ...
/ / Other, Renewable Energy
CERC Asks NTPC to Refund Solar Developer’s ₹10 Million Deducted as Liquidated Damages

CERC Asks NTPC to Refund Solar Developer’s ₹10 Million Deducted as Liquidated Damages

The Central Electricity Regulatory Commission (CERC) has directed the National Thermal Power Corporation (NTPC) to refund the performance bank guarantee (PBG) of ₹10 million (~$140,800) along with interest to Prayatna ...
/ / Markets & Policy, Solar
NHPC Extends Deadline for its 2 GW Solar Tender, Raises Tariff Cap

NHPC Extends Deadline for its 2 GW Solar Tender, Raises Tariff Cap

The National Hydroelectric Power Corporation (NHPC) has extended the bid submission deadline of its tender for 2 GW of solar projects. The deadline for the submission of bids has been ...
/ / Solar, Tenders & Auctions
SECI’s 7.5 GW Solar Tender for Leh and Kargil Gets Another Deadline Extension

SECI’s 7.5 GW Solar Tender for Leh and Kargil Gets Another Deadline Extension

The Solar Energy Corporation of India Limited (SECI) has extended the bid submission deadline for its mega solar tender that calls for 7.5 GW of grid-connected solar power projects in ...
/ / Solar, Tenders & Auctions
Two Small Rooftop Solar Tenders Announced in Chandigarh

Two Small Rooftop Solar Tenders Announced in Chandigarh

The Chandigarh Renewable Energy and Science & Technology Promotion Society (CREST) has tendered a total of 560 kW of grid-connected rooftop solar photovoltaic (PV) projects through two separate tenders. The ...