Centre Grants Four-Month Extension To Green Energy Projects Delayed By West Asia Crisis, Extending Their Completion Timeline
New Delhi: The Ministry of New and Renewable Energy has issued an advisory to state governments and power sector PSUs to grant up to four months’ extension to renewable energy projects affected by disruptions due to the West Asia situation under the Force Majeure provisions. Generally, the force majeure clause in PPAs includes "war" as a force majeure event. The Department of Expenditure,…
The Ministry of New and Renewable Energy has granted state governments and power sector PSUs up to four months' extension for renewable energy projects delayed by the West Asia crisis. The Force Majeure provisions in power purchase agreements allow for this extension. According to an advisory on August 21, the relief applies to projects with scheduled supply or commissioning dates on or after February 28.
Renewable energy implementing agencies, including SECI, NTPC, NHPC, and SJVN, as well as state and union territory governments, may grant these extensions under the force majeure provisions in PPAs. Requests for time extensions due to disruptions from the West Asia situation should be evaluated by the relevant agencies following their contractual procedures.
Written by urgent.news from Free Press Journal's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
