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CERC Asks NTPC to Refund Solar Developer’s ₹10 Million Deducted as Liquidated Damages

Prayatna Developers had filed the petition for 50 MW of solar projects in Uttar Pradesh

January 16, 2020

/ Anjana Parikh
/ Markets & Policy, Solar
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The Central Electricity Regulatory Commission (CERC) has directed the National Thermal Power Corporation (NTPC) to refund the performance bank guarantee (PBG) of ₹10 million (~$140,800) along with interest to Prayatna Developers Private Limited within two months from the issue of this order.

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Anjana Parikh

More articles from Anjana Parikh.
CERCinvokePerformance Bank GuaranteePower Purchase Agreementsscheduled commissioning datesolar projects
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