To gradually scrap renewable project contracts only if found unviable: Govt
As the government moves to cancel unviable renewable energy project contracts, the ministry of new and renewable energy (MNRE) on Tuesday clarified that any such cancellations will be phased and undertaken only after all viable options for executing power sale and purchase agreements (PSAs and PPAs) are fully explored.
Mint’s had Tuesday reported that the power ministry has asked Solar Energy Corp. of India (SECI), NTPC Ltd, NHPC Ltd and SJVN Ltd to terminate by November-end all awarded contracts wherein the signing of power sale and purchase agreements was not feasible.
