Wind Energy Cos Seek Deadline Extension For Project Completion

At a meeting between renewable energy companies and the Ministry of New and Renewable Energy (MNRE) in June, wind companies have requested the government to extend the deadline for project completion to at least 24 months, according to people who attended the meeting.

Wind energy companies in India woefully behind their project timelines have sought a blanket extension for all ongoing and future projects, calling the current 18-month timeframe “unviable”.

At a meeting between renewable energy companies and the Ministry of New and Renewable Energy (MNRE) in June, wind companies have requested the government to extend the deadline for project completion to at least 24 months, according to people who attended the meeting.

Projects of Adani Green, ReNew Power, Enel Green Power, Inox Wind, Mytrah, Astro, Srinjan and Alfanar are currently stuck in the pipeline, according to industry insiders, who did not want to be named. These projects have been lagging behind even before Covid-related disruptions started affecting the work from March last year. Developers point to unsustainable tariffs and land acquisition issues as the main reasons for the lack of viability of these projects, especially so when the work needs to be completed in 18 months.

While the government has provided multiple extensions on a case-bycase basis for projects due to Covid-induced delays, most of these deadlines will end in the coming months. The ministry didn’t reply to ET’s emailed questions till press time Thursday.

Source : economictimes