Govt gives extension to renewable projects delayed due to Covid
07 Jul 2021
The government has extended relief to renewable sector amid the second wave of Covid-19 pandemic by allowing an extension of two-and-a-half months for power projects with commissioning. The Ministry of New and Renewable Energy (MNRE) has notified the changes that will prevent developers from being charged penalty for delaying commissioning of projects beyond the agreed timelines. With the second wave of the pandemic resulting in lockdowns in different parts of the country, work on several power projects also got suspended resulting in delays in commissioning. Last month, MNRE had issued notification allowing renewable projects with commissioning dates on, an extended schedule subject to continuing of existing PPAs and no increase in project cost due to delays. Even last year during the Covid outbreak and lockdowns, MNRE had given an extension of five months to projects getting commissioned. The power ministry has also granted an extension of three months to all interstate transmission projects under construction, with the scheduled commercial operation date (SCOD) falling, hit by the resurgence of the Covid-19 pandemic.
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