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Letter of Credit Has not Been Effective as Payment Security for Solar Developers

Except for Karnataka, most state DISCOMs in India have not yet opened LCs, leaving the developers cash-strapped

December 9, 2019

/ shaurya
/ Mercom Research Focus, Other,
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To tackle the risks related to delays in payments to independent power producers, the Ministry of Power (MoP) recently mandated state-owned distribution companies (DISCOMs) to issue a letter of credit (LCs).

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shaurya

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DISCOMsIn-depthIndiaLetter of CreditMinistry of Powerpayment securityRenewable EnergySolar Energy
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