Payment Security Mechanism for Solar Projects under VGF Program Gets ₹5 Billion Fund

The fund has been established to protect developers from delay in payments

February 12, 2019

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The Ministry of New and Renewable Energy (MNRE) has announced the guidelines for the payment security mechanism (PSM) for projects allocated under the viability gap funding (VGF) program. This has now received approval from the President of India.

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Payment Security Mechanism for Solar Projects under VGF Program Gets ₹5 Billion Fund

Continue Reading with Premium Access

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