MNRE Mulls Alternatives for EMD & PBG to Ease Liquidity in the Solar Sector
EMDs and PBGs stranded with SECI and NTPC are affecting the liquidity in the solar industry preventing developers from bidding in multiple projects
March 9, 2020
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MNRE is considering alternative arrangements for earnest money deposits (EMDs) and performance guarantees (PBGs) submitted by developers to Solar Energy Corporation of India (SECI) and the National Thermal Power Corporation (NTPC) for solar, wind and hybrid power projects in response to developer requests to ease liquidity in the sector.