The move will protect clean energy developers from the risk of penalties, including fines and encashment of bank guarantees for missing their project completion deadline New Delhi: India has asked its agencies implementing clean energy projects to allow developers more time to complete such projects, on account of delays caused by the nationwide lockdown to contain the coronavirus pandemic.
In an attempt to help the country get back on its clean energy trajectory, this time extension will be equivalent to the period of lockdown and an additional thirty days for normalisation of services after the lockdown ends.
Recognizing that the 40-day nationwide lockdown will delay all execution, the move will protect clean energy developers from the