Govt. Has Invoked Force Majeure Clause For RE Developers

In Clean News, News, Renewable Energy
The government on Friday has invoked Force Majeure clause and has directed all the renewable energy (RE) implementing agencies under the Ministry of New & Renewable Energy (MNRE) to treat delay on account of disruption of the supply chains due to spread of coronavirus in China or any other country.

“The Renewable Energy implementing agencies may grant suitable extension of time for projects, on account of coronavirus, based on evidences or documents produced by developers in support of their respective claims of such disruption of the supply chains due to spread of coronavirus in China or any other country,” MNRE said in a memorandum.

MNRE has asked all project developers claiming disruption and desirous of time extensions to make a formal application to SECI or NTPC or other implementing agencies, giving all documentary evidence in support of their claim.

The implementing agencies have also been asked to ensure that no double relief is granted due to overlapping periods of time extension granted for reasons eligible for such relief.

Reference- MNRE Press Release, Economic Times, Business Standard

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