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Covid-19 lockdown: Centre extends completion deadline for green energy projects
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NEW DELHI: The Centre on Thursday extended the completion deadline for India's green energy projects, given the 21-day nationwide lockdown and consequently time required for workforce remobilisation.
Such a move will protect clean energy developers from the risk of penalties, including fines and encashment of bank guarantees, for missing the set deadlines.
According to power purchase agreements (PPAs), any delay in adhering to timelines attracts penalties. Prime Minister Narendra Modi on Tuesday announced a nationwide 21-day lockdown--the largest in the world--aimed at containing the spread of Covid-19 disease.
The pandemic has spread across 175 countries, with nearly half a million affected and death toll at 21,293. In India, cases have
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COVID-19
United States
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Cases: 46 252 513
Deaths: 750 423
Recovered: 0
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India
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Cases: 34 321 025
Deaths: 459 652
Recovered: 0
|
Brazil
|
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
|
United Kingdom
|
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
|
Russia
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Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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