LoU from IREDA, PFC, REC to Serve as Bank Guarantees for Solar Tenders

The letters of undertaking can be obtained by offering due security to the three financial institutions

September 8, 2020

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Union Power Minister R.K. Singh has approved the proposal to accept letters of undertaking (LoU) from three non-banking financial institutions that can be used like bank guarantees in renewable tenders.

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Rahul Nair

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LoU from IREDA, PFC, REC to Serve as Bank Guarantees for Solar Tenders

Subscribe to Continue Reading

Get the most relevant India solar and clean energy news.

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