CERC Rules in Favor of SECI, Does Not Consider Demonetization a ‘Force Majeure’ Event

The petition stated that demonetization had caused delays in the commissioning of the project

November 13, 2019

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The Central Electricity Regulatory Commission (CERC) has ruled in favor of the Solar Energy Corporation of India (SECI) that had encashed the performance bank guarantee of a solar developer for a delay in commissioning of its 10 MW project in Maharashtra.

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Nithin Thomas

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CERC Rules in Favor of SECI, Does Not Consider Demonetization a ‘Force Majeure’ Event

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