In Short : The Indian government is considering extending the timeline for power projects under the Mega Power Policy by 2–3 years to sign power purchase agreements (PPAs). The move could benefit six projects with a combined capacity of 8 GW, allowing developers to secure long-term contracts and retrieve bank guarantees worth ₹4,000 crore, addressing […]
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister, Shri Narendra Modi, today approved the time extension (36 months) to identified 10 Provisional Mega certified projects for furnishing the final Mega Certificates to the Tax authorities. Extension of time period for furnishing final mega certificate will enable developers to competitively bid for future […]