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CERC Directs PGCIL Not to Encash Bank Guarantees of Terminated Wind Projects
Policy & Regulation
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CERC Directs PGCIL Not to Encash Bank Guarantees of Terminated Wind Projects

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Order- Seeking for the Condonation of Delay of 273 days in filing the Appeal as against the Impugned Order by CERC
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CERC Directs PGCIL Not to Encash Bank Guarantees of Terminated Wind Projects

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Petition under Section 79 of the Electricity Act, 2003 seeking declaration that the Transmission Agreement for Connectivity dated 7.8.2018, Transmission Service Agreement dated 6.9.2018 and Agreement for Long Term Access dated 6.9.2018 executed between ReNew Wind Energy (TN) Pvt. Ltd. and Power Grid Corporation of India Limited stand frustrated on account of Force Majeure Even and impossibility of performance along with directions to restrain Power Grid Corporation of India Limited from invoking bank guarantees and levying relinquishment charges.

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Anand Gupta Editor - EQ Int'l Media Network
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