Centre grants four-month relief to renewable projects hit by West Asia war
The ministry said that the standard bidding guidelines for procurement of renewable power—solar, wind, hybrid, firm and dispatchable renewable energy (FDRE)—issued under Section 63 of the Electricity Act, 2003, provide that power purchase agreements (PPAs) shall contain provisions with regard to force majeure definitions, exclusions, applicability and available relief as per industry standards. Generally, force majeure clauses in PPAs include “war”.
