Bank Guarantee of a 300 MW Wind Project Stuck Under Regulatory Procedures

The Commission directed PGCIL not to encash the bank guarantee of the wind developer for the time being

June 4, 2021

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The Central Electricity Regulatory Commission (CERC) has reserved its judgment, in reply to a petition filed by ReNew Power and its three subsidiaries on submitting a fresh bank guarantee to Power Grid Corporation of India Limited (PGCIL) upon the grant of Stage-II connectivity for a 300 MW wind project in Karnataka.

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Rakesh Ranjan

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Bank Guarantee of a 300 MW Wind Project Stuck Under Regulatory Procedures

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