MNRE determines lockdown period for renewable power projects

The Ministry of New and Renewable Energy (MNRE) has issued a clarification for the lockdown period for renewable energy projects. A 68-day period, from March 25, 2020 to May 31, 2020, will be considered for time extension of renewable energy projects. 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 ministry clarified that the timelines for intermediate milestones 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.

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