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MNRE Extends Scheduled Commissioning Date for RE projects

MNRE Extends Scheduled Commissioning Date for RE projects

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Ministry of New and Renewable Energy (MNRE) has extended the time for Scheduled Commissioning Date (SCD) of Renewable Energy Projects considering the disruptions caused by the second wave of Covid 19.

The Ministry received representations seeking time-extension on the grounds of the resurgence of Covid 19, leading to several States and Union Territories issuing instructions restricting the mobility of people.

MNRE carefully examined the requests of time-extension and notes that while there are no central Government instructions for a countrywide lockdown, several States and Union Territories have taken various measures like night curfew, imposition of section 144, weekend lockdown and more, which may have impacted RE projects.

For relief to RE projects to deal with difficulties caused by the second surge of Covid 19, it has been decided that RE projects, being implemented through Implementing Agencies designated by the MNRE or under various schemes of the ministry, having their Scheduled Commissioning Date (SCD) on or after  April 1, 2021 can apply to the concerned implementing agency for claiming time-extension in project commissioning.

The official notification states that while applying for such time extension, RE developers shall undertake that the time extension will not be ground for claiming termination of PPA or for claiming any increase in the project cost including Interest During Construction (IDC) or upward revision of the tariff. The quantum of time extension will be notified separately by the ministry. Click here for further details on Time-extension in Scheduled Commissioning Date of Renewable Energy (RE) Projects due to Covid 19.

Anand Gupta Editor - EQ Int'l Media Network