Ministry of Finance Reduces Performance Security Deposits For Solar Tenders to 3%

Ministry of Finance Reduces Performance Security Deposits For Solar Tenders to 3%

The Ministry of Finance (MoF) has issued a notification revising the performance security deposits for tenders to 3% of the contract value from the previous range of 5%-10%. This move ...
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 ...
DISCOM Aggregate Losses Increased by 68% to ₹496.23 Billion in FY 2018-19_ PFC Report

DISCOM Aggregate Losses Increased by 68% to ₹496.23 Billion in FY 2018-19: PFC Report

The Power Finance Corporation Limited (PFC Limited) has released a report with key findings on the performance of state power utilities in the country for the financial year (FY) 2018-19 ...
IEC Issues New Standard for Testing Resistance of Solar Modules to Heavy Snow

IEC Issues New Standard for Testing Resistance of Solar Modules to Heavy Snow

The International Electrotechnical Commission (IEC) has issued a new standard – the IEC 62938:2020 - to test the resistance of solar photovoltaic modules to large amounts of snow piling up ...
/ / Solar, Technology
Coronavirus to be Covered Under Force Majeure Clause, Says Ministry of Finance

Coronavirus to be Covered Under Force Majeure Clause, Says Ministry of Finance

Amid the increasing doubt on the supply chains due to the spread of deadly coronavirus in China, the Ministry of Finance (Department of Expenditure Procurement Policy Division) has issued a ...
/ / Markets & Policy, Solar