CERC Directs SECI Not to Encash Bank Guarantees of Delayed Wind Project
The Commission asked the developer to keep the bank guarantee valid until the next hearing
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The Central Electricity Regulatory Commission (CERC), in a recent order, directed the Solar Energy Corporation of India (SECI) not to encash the performance bank guarantee (PBG) furnished by Adani Wind Kutchh One Limited for the delay in commissioning of 250 MW wind projects until the next date of the hearing. It directed the wind developer to keep the bank guarantee valid.