MNRE’s New Solar Bidding Guidelines Say No Power Backdown Without Formal Instructions
The amended guidelines have elaborated on various other clauses like payment security fund and force majeure events
November 5, 2019
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To expedite and streamline the process of developing solar projects, the Ministry of New and Renewable Energy (MNRE) has issued amendments to its guidelines for the competitive bidding process. The latest amendments issued by the government seem to be an attempt to provide relief to solar energy developers in the country by tackling issues such as payment security mechanism, curtailment of power, land acquisition, timely tariff adoption among others.