RENEWABLE ENERGY

Govt gives extension to renewable projects delayed due to Covid

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 dates between April 1 and June 15, 2021.

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 or after April 1, 2021, 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 between March 25 and August 24, 2020.

Source
ET Energy World
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