16 March 2022
MNRE Amends Guidelines for Hybrid Projects
The Ministry of New and Renewable Energy (MNRE) has issued an office memorandum, modifying guidelines for the tariff based procurement from Wind and solar hybrid projects. These guidelines had originally been released on
October 14, 2020, and amended subsequently on
July 27, 2021. The purpose behind such hybrid projects is to seek RTC (Round the clock) supply of power from renewable sources.
The new changes cover the consequences of delay, in case of a departure from the Scheduled Commercial Date (SCD) of Operations on these projects, currently set at 24 months from the date of signing of PPA/PSA. Under the new guidelines, for delay in commissioning upto 6 months from the SCD, there will be encashment of performance bank guarantee on a per day basis and proportionate to the capacity not commissioned.
For a delay beyond 6 months, generator event of default as per clause 8.8.1 of the guidelines shall be considered to have occurred, and the contracted capacity shall stand reduced to the project capacity commissioned upto SCD + 6 months. With the PPA for the balance capacity being terminated.
The guidelines also add that commissioning/part commissioning of the project will be considered only after the generator demonstrates possession of land.
To know more, please click here-
The MNRE Amends Guidelines for Hybrid Projects (saurenergy.com)
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