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‘Letter of Comfort’ From PFC/ REC/ IREDA now at Par With Bank Guarantees
By : Sustainability ..., Mar 16, 2020
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 like Power Finance Corporation (PFC), REC and Indian Renewable Energy...Read more..
Subject Tags: Guarantee , IREDA , MNRE , PFC , renewable developers
Renewable energy: Easier bank guarantee norms likely for green projects
By : Sustainability ..., Mar 9, 2020
In order to find more ways to bring ease in doing solar and wind power businesses, the ministry of new and renewable energy (MNRE) is exploring alternative mechanisms to reduce the amount of money that developers need to deposit with government agencies for commissioning...Read more..
Subject Tags: green energy projects , Guarantee , Ministry of New & Renewable Energy (MNRE) , SECI
State guarantee for procurement of solar power from Rewa Ultra Mega Solar Project by the state DISCOMs was signed
By : sustainabilityo..., Oct 10, 2017
The State guarantee for procurement of solar power from Rewa Ultra Mega Solar Project by the state DISCOMs was signed on Monday.