India set to blacklist renewable power generation companies for delays

NEW DELHI (Reuters) -India will blacklist renewable power companies for three-to-five years if they do not meet project completion deadlines, a government order seen by Reuters shows.

“If any renewable energy project is not completed by the prescribed date of completion, then its bank guarantee should be encashed and the developer blacklisted after asking to show cause,” the order issued by the new and renewable energy ministry said.

The blacklisting will be for a period of three to five years, the order issued on Wednesday said.

The ministry did not immediately respond to queries sent by Reuters.