Government Permits Use of Insurance Surety Bonds in Power Project Bids

The bonds can be used in place of bank guarantees for bid and performance security

April 8, 2026

/ Markets & Policy, Other, Renewable Energy, Solar

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The Ministry of Finance has permitted the use of insurance surety bonds as an alternative to bank guarantees for both bid and performance security under the standard bidding guidelines for power projects.

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Arjun Joshi

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Government Permits Use of Insurance Surety Bonds in Power Project Bids

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Get the most relevant India solar and clean energy news.

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