MNRE determines extension period for renewable power projects

The Ministry of New and Renewable Energy (MNRE) has issued a clarification for the lockdown period which will be considered for extension of renewable energy project timelines. Now, a 68-day time extension for renewable energy projects will be considered from March 25, 2020 to May 31, 2020. The renewable energy projects were to treat the lockdown period due to the coronavirus outbreak as a force majeure event. The projects may be granted extensions equivalent to the lockdown period with an additional 30 days for normalisation. Further, the MNRE also clarified that the timelines for intermediate milestones of a project may also be extended within the extended time provided for commissioning. The blanket extension will apply to developers, engineering, procurement and construction companies as well as original equipment manufacturers.

GET ACCESS TO OUR ARTICLES

Enter your email address