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SECI Seeks to Encash Bank Guarantee for a Delayed Wind Project, Developer Files Petition

ReNew Wind Energy sought the Commission to direct SECI to not encash its bank guarantee following delays in project implementation due to force majeure events

August 11, 2020

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ReNew Wind Energy (TN) Private Limited, a subsidiary of ReNew Power, has filed a petition with the Central Electricity Regulatory Commission (CERC) asking it to issue orders restraining the Solar Energy Corporation of India (SECI) from encashing its bank guarantee following delays in project implementation due to force majeure events.

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