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MERC Directs Bank Guarantees of Two Solar Developers to be Released

The Commission said the termination of PPAs was due to evacuation uncertainty by state entities

January 11, 2024

/ Gautamee Hazarika
/ Markets & Policy, Solar
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The Maharashtra Electricity Regulatory Commission (MERC) has directed the Maharashtra State Electricity Distribution Company (MSEDCL) to release the performance bank guarantees of solar developers ACME Sikar Solar and ReNew Dinkar Urja upon the termination of their power purchase agreements (PPA), failing the power evacuation set up by state entities.

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Gautamee Hazarika

More articles from Gautamee Hazarika.
acmecommissionMaharashtraMERCpetitionerRenewable Energysolar power
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