A challenge of Tata Energy Photo voltaic.
Picture: Tata Energy Photo voltaic
From pv journal India
India’s Ministry of New & Renewable Vitality (MNRE) mentioned that photo voltaic or wind-solar hybrid initiatives for which bids had been closed earlier than the announcement of the essential customs obligation (BCD) of the modules on March 9, 2021, fee extensions will likely be granted solely on a case-by-case foundation.
The renewable vitality implementing companies, together with Photo voltaic Vitality Corp. of India (SECI), NTPC and NHPC will look at builders’ requests for extension on a case-by-case foundation and grant extensions provided that the developer has taken all attainable enforcement steps. the challenge, such because the acquisition of land and orders for modules and the steadiness of the provision system, however it can’t be accomplished for causes past his management.
If the developer takes steps to implement the challenge and simply sits on the award, these initiatives won’t be granted an extension and can face cancellation.
Earlier, MNRE introduced that photo voltaic and solar-wind hybrid initiatives for which bids had been finalized earlier than March 9, 2021, could also be given time to finish as much as March 31, 2024.
In its newest order, the MNRE clarified that the completion of the extension of these initiatives “just isn’t a common blanket extension”.
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