New Delhi: With the second wave of the coronavirus pandemic spreading across the country, solar industry lobby group Solar Power Developers Association (SPDA) has requested for an additional three-month extension in the project commissioning date to the ministry of new and renewable energy (MNRE).
This is in addition to the five months extension granted by MNRE. Power purchase agreements signed by developers specify strict commissioning deadlines and a failure to meet them can result in fines and encashment of their bank guarantees.
“Govt. had taken the problems into cognizance and provided relief in blanket extension for five months through an O.M. dated August 13, 2020.
