APTEL Asks MERC to Release Azure Power’s Bank Guarantee for 150 MW of Solar Projects

Azure had sought APTEL’s consent to cancel the LoA since the PPA terms could not be agreed upon mutually

January 23, 2020

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The Appellate Tribunal for Electricity (APTEL) has asked the Maharashtra Electricity Regulatory Commission (MERC) to release the bank guarantee from Azure Power’s 150 MW solar project within two weeks.

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Rakesh Ranjan

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APTEL Asks MERC to Release Azure Power’s Bank Guarantee for 150 MW of Solar Projects

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