CERC Directs NTPC to Return Bank Guarantees of Three Developers in Bhadla Solar Park

The commission has ruled that the retention of the performance bank guarantees by NTPC is illegal and arbitrary

May 9, 2019

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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 million ($3.7 million).

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Soumik Dutta

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CERC Directs NTPC to Return Bank Guarantees of Three Developers in Bhadla Solar Park

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