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MNRE Declares Commissioning Date Extension for Renewable Projects, Conditions Apply

Renewable energy projects having their commissioning dates on or after April 1, 2021, can claim extension owing to the second surge of the Covid-19 pandemic

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Giving relief to solar developers amid the Covid-19 crisis, the Ministry of New and Renewable Energy (MNRE), in its latest notification, has stated that the renewable energy projects having their commissioning dates on or after April 1, 2021, can claim extension owing to the second surge of the Covid-19 pandemic. MNRE has, however, cautioned developers that the time extension should not be used as a ground for the termination of the power purchase agreement (PPA) or claiming any increase in the project cost, including interest during construction or upward revision of tariff.

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