bank-guarantees
Government Permits Use of Insurance Surety Bonds in Power Project Bids
The Ministry of Finance has permitted the use of insurance surety bonds as an alternative to bank guarantees for both bid and performance security under the standard...
ACME Solar Decides to Terminate its Lowest Tariff Project Citing Force Majeure
ACME Solar has filed a petition before the Central Energy Regulatory Commission (CERC), asking it to direct the Solar Energy Corporation of India (SECI) and the Power...
Release Bank Guarantees within 45 Days of Solar and Wind Project Completion: MNRE
The Ministry of New and Renewable Energy (MNRE), through a letter, has directed NTPC and Solar Energy Corporation of India (SECI) to release performance bank guarantee...
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