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Petition Regarding Bank Guarantee of 300 MW Wind Project

Petition Regarding Bank Guarantee of 300 MW Wind Project

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Petition under Section 79 (1)(c) and (f) of the Electricity Act, 2003 for adjudication of dispute arising out of the action of Power Grid Corporation of India Limited in directing the Petitioners to submit a fresh Bank Guarantee upon grant of Stage-II Connectivity against the Letter of Award dated 17.6.2019 issued by Solar Energy Corporation of India Limited for development of 300 MW ISTS connected Wind Power Projects in the State of Karnataka instead of utilising the Bank Guarantee bearing no. 002BG01190330001 for an amount of Rs. 5,00,00,000/- already submitted by the Petitioners pursuant to the revoked Stage-II Connectivity dated 7.1.2019.

1. ReNew Power Private Limited (RPPL)
2. Auxo Solar Energy Private Limited
3. Ostro Energy Private Limited
4. Ostro Kannada Power Private Limited

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Anand Gupta Editor - EQ Int'l Media Network