- India has granted extension for clean energy projects due to the Covid-19 Pandemic.
- The 2nd wave of the pandemic has led to the implementation of lockdown measures in several parts of the country.
- MNRE had grated a 5-month extension for projects last year.
India’s Ministry of New and Renewable Energy (MNRE) has stated that developers will not be charged penalties for delaying the commissioning of projects beyond the agreed timelines due to the Covid-19 pandemic. However, the second wave of the pandemic has led to lockdowns in different parts of the country and the suspension of works in several projects, and delays in project commissioning.
Last month, MNRE had issued a 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. Last year, the MNRE gave a five-month extension to projects getting commissioned between March 25 and August 24, 2020.
The MNRE had also granted an extension of three months to all interstate transmission projects under construction with a scheduled commercial operation date (SCOD) falling after April 1, 2021.