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Wind Developer Seeks Declaration of PPA Termination, Return of Bank Guarantee

Sprng Energy had filed a petition seeking termination of PPA due to ‘force majeure’ events

May 27, 2021

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The Central Electricity Regulatory Commission (CERC), has responded to a petition by Sprng Wind Energy seeking a declaration that the power purchase agreement (PPA) signed with SECI stood terminated and to release the performance bank guarantee. CERC has directed the wind developer to include the Kerala State Electricity Board (KSEB) as a party in the petition and asked the distribution company (DISCOM) to file its reply by June 17, 2021. The Commission asked Sprng Wind Energy to file a rejoinder by June 30.

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