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‘Letter of Comfort’ From PFC/ REC/ IREDA now at Par With Bank Guarantees

By : Sustainability ..., Mar 16, 2020

To improve the business environment for clean energy projects and attract investments, the government has decided to treat a letter of comfort (undertaking) issued by state-run shadow banking firms like Power Finance Corporation (PFC), REC and Indian Renewable Energy...

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Renewable energy: Easier bank guarantee norms likely for green projects

By : Sustainability ..., Mar 9, 2020

In order to find more ways to bring ease in doing solar and wind power businesses, the ministry of new and renewable energy (MNRE) is exploring alternative mechanisms to reduce the amount of money that developers need to deposit with government agencies for commissioning...

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State guarantee for procurement of solar power from Rewa Ultra Mega Solar Project by the state DISCOMs was signed

By : sustainabilityo..., Oct 10, 2017

The State guarantee for procurement of solar power from Rewa Ultra Mega Solar Project by the state DISCOMs was signed on Monday.

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