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
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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.
Gautamee Hazarika
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