CERC Rejects Solar Project Developer’s Plea for Bank Guarantee Refund

The developer had voluntarily transitioned to the new regulatory framework

March 18, 2025

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The Central Electricity Regulatory Commission (CERC) has dismissed a petition filed by ReNew Surya Vihaan (RSVPL) seeking the return of the Construction Bank Guarantee (CBG) submitted for a 100 MW solar project in Rajasthan.

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Arjun Joshi

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CERC Rejects Solar Project Developer’s Plea for Bank Guarantee Refund

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