CERC Denies Transfer of Bank Guarantee for Stage-II Connectivity of Wind Projects
CERC said that the bank guarantee furnished against NTPC’s LoA could not be linked to connectivity applied against SECI’s LoA
July 28, 2021
/ Wind,
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The Central Electricity Regulatory Commission (CERC), in a recent order, rejected ReNew Power’s petition to adjust the bank guarantee upon grant of stage-II connectivity against the letter of award (LoA) issued by Solar Energy Corporation of India (SECI) for 300 MW of wind projects.
Harsh Shukla
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