NEW DELHI : The Union government on Thursday announced an extension of completion deadline of green energy projects, recognizing that the 21-day nationwide lockdown that came into effect Wednesday will delay all execution.
Such a move will protect clean energy developers from the risk of penalties including fines and encashment of bank guarantees for missing their project completion deadline.
India’s 1.3 billion people are currently under the world’s largest lockdown aimed at stemming the spread of COVID-19 pandemic.
This announcement comes in the backdrop of the government’ earlier decision to consider the disruption in the supply chains due to spread of coronavirus under the Force Majeure Clause. “All renewable energy projects under
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