Summary: —- ### Key Business Point **Insurance Surety Bonds (ISBs) are now officially recognized as a direct alternative to Bank Guarantees (BGs) for Bid Security and Performance Security across all power procurement frameworks in India.** ### Matters for Businesses – **Reduced Liquidity Lock-up:** Unlike bank guarantees that block working capital, ISBs are issued by insurance […]
Petition of PPA executed between the SECI and Arina Solar Power Limited seeking direction to restrain SECI from invoking the bank guarantees – EQ Mag Pro
Petition of PPA executed between the SECI and Arina Solar Power Limited seeking direction to restrain SECI from invoking the bank guarantees. For more information please see below link:
Amendment in provisions of bank guarantees in PM-KUSUM Scheme Guidelines – reg – EQ Mag Pro
Amendment in provisions of bank guarantees in PM-KUSUM Scheme Guidelines – reg. For more information please see below link:
CERC Directs PGCIL Not to Encash Bank Guarantees of Terminated Wind Projects
Petition under Section 79 of the Electricity Act, 2003 seeking declaration that the Transmission Agreement for Connectivity dated 7.8.2018, Transmission Service Agreement dated 6.9.2018 and Agreement for Long Term Access dated 6.9.2018 executed between ReNew Wind Energy (TN) Pvt. Ltd. and Power Grid Corporation of India Limited stand frustrated on account of Force Majeure Even […]
Seeking Directions to Restrain SECI From Invoking the Bank Guarantees and for Returning the Bank Guarantees
In the matter of Petition under Section 79 of the Electricity Act, 2003 and the statutory framework governing the procurement of power through competitive bidding and Article 11 read with Article 13.5 and Article 4.5.3 of the Power Purchase Agreement dated 17.12.2019 executed between Solar Energy Corporation of India Limited and Rihand Floating Solar Private […]
Eeking directions regarding submission of bank guarantees by power generators
Seeking directions regarding submission of bank guarantees by power generators seeking grant of long term access into the inter-state transmission system. For more information please see below link.
No power supply to discoms without bank guarantees
The move comes on the backdrop of the deep financial stress being faced by the power industry due to non-payment of dues The Union power ministry has directed electricity generators to snap supplies to state distribution companies which have failed to open or maintain bank guarantees. Following this directive, the states will have no option […]
