Gujarat’s Largest Rooftop Solar Tender Has an Earnest Money Deposit Problem

Small scale developers say the EMD requirement is squeezing them out

April 27, 2022

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Madhya Gujarat Vij Company Limited’s (MGVCL’s) empanelment tender, one of Gujarat’s largest, to install 1 GW of residential rooftop solar systems in urban and rural areas has hit a roadblock because of the high earnest money deposit (EMD) amounts specified for various capacities.

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Satish Shetty

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Gujarat’s Largest Rooftop Solar Tender Has an Earnest Money Deposit Problem

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