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India to blacklist green firms, promoters feigning covid as exit excuse

city New Delhi India covid-19 pandemic Government prevention
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NEW DELHI : India plans to take strict action against green energy firms and their promoters feigning the covid-19 as an excuse to exit projects that they were awarded, said three people aware of the developments, requesting anonymity.This assumes significance given that India is running what will become the world’s largest clean energy programme, and comes in the backdrop of some wind-energy developers seeking ‘low-cost exit options’ for unviable projects.The government plans to not only blacklist such companies, but also censure their promoters, preventing them from taking part in future projects.

With some project developers exploring termination of their power purchase agreements (PPAs) without encashment of bank guarantees, the.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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