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ACME Solar Decides to Terminate its Lowest Tariff Project Citing Force Majeure

The petition before CERC seeks to restrict SECI and PGCIL from encashing its bank guarantee

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ACME Solar has filed a petition before the Central Energy Regulatory Commission (CERC), asking it to direct the Solar Energy Corporation of India (SECI) and the Power Grid Corporation of India Limited (PGCIL) to refrain from invoking its bank guarantees and letters of comfort.

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