Bank Guarantee

MNRE Amends Bidding Guidelines for Procuring Power From Solar Projects

MNRE has issued amendments to the guidelines for the tariff-based bidding process for the procurement of power from grid-tied solar projects. The Ministry of New and Renewable Energy (MNRE), in a gazette notification, has issued amendments to the guidelines for ‘Tariff Based Competitive Bidding Process for Procurement of Power from Grid Connected Solar PV Power […]

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RK Singh Approves LoUs by IREDA, PFC, REC to be Accepted for EMDs

RK Singh has approved a proposal for acceptance of LoU issued by IREDA, PFC & REC for EMD in tenders for developing renewable energy projects in the country RK Singh, the Minister for New & Renewable Energy and Power has approved a proposal for acceptance of Letter of Undertaking (LoU) issued by IREDA, PFC & […]

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‘Letter of Comfort’ From PFC/ REC/ IREDA now at Par With Bank Guarantees

The government has decided to treat a letter of comfort issued by state-run shadow banking firms like PFC, REC, and IREDA at par with bank guarantees. To improve the business environment for clean energy projects and attract investments, the government has decided to treat a letter of comfort (undertaking) issued by state-run shadow banking firms […]

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