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CERC Asks PGCIL Not to Encash Bank Guarantees of Terminated Wind Projects

The CERC has asked PGCIL to file its reply by June 18, 2021, on Renew Power’s halted wind project due to ‘force majeure’ events

May 24, 2021

/ Rakesh Ranjan
/ Other, Wind
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The Central Electricity Regulatory Commission (CERC), responding to ReNew Power’s petition, has directed the Power Grid Corporation of India Limited (PGCIL) not to encash bank guarantees submitted towards its wind projects until further orders.

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Rakesh Ranjan

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