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SECI: EXTENSION OF TIMELINE FOR SUBMISSION OF PERFORMANCE BANK GUARANTEE (PBG)

SECI: EXTENSION OF TIMELINE FOR SUBMISSION OF PERFORMANCE BANK GUARANTEE (PBG)

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EXTENSION OF TIMELINE FOR SUBMISSION OF PERFORMANCE BANK GUARANTEE (PBG) FOR 97.5 MW ROOFTOP SOLAR PV SYSTEM SCHEME FOR GOVERNMENT BUILDINGS IN DIFFERENT ZONES OF INDIA.

Submission of Performance Bank Guarantee by Successful Bidders/ Developers : Implementation of 97.5 MW Grid Connected Roof Top Solar PV System Scheme for Government Buildings in different Zones of India under CAPEX / RESCO Model

This has reference to the RfS documents (RfS No. SECI/C&P/RFS/MNRE/97.5MW GCRT/R1/IND/082019 dated 29.08.2019) for Implementation of 97.5 MW Grid Connected Roof Top Solar PV System Scheme for Government Buildings in Zones of India under CAPEX/ RESCO Model.

The Letter of Allocation (LoA) to all the successful bidders/ developers along with allocated capacity, project cost/ tariff have already been issued on 15.01.2020. In line with Provisions of Clause no. 5 of LoA, all the successful bidders/ developers were to submit the Performance Security in the form of Bank Guarantee/Demand Draft.

The timeline for submission of Performance Bank Guarantee is hereby extended upto 14/03/2020 with penalty.

All the successful bidders/ developers to whom LOA has been issued by SECI dated 15/01/2020, are requested to submit their Performance Bank Guarantee with penalty in the form of Bank Guarantees/Demand Draft to SECI office by due date i.e. 14/03/2020. However, the Project Execution Timeline will remain same as mentioned in issued LoA dated 15/01/2020.

No further Bank Guarantees/Demand Drafts  shall be entertained beyond 14.03.2020.

Source: seci
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Anand Gupta Editor - EQ Int'l Media Network

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