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GERC allows HR Sabarmati to add West Asia conflict as force majeure event, bars PPA termination but declines to restrain encashment of INR 64.96 crore bank guarantee

Elekore Energy Desk
GERC allows HR Sabarmati to add West Asia conflict as force majeure event, bars PPA termination but declines to restrain encashment of INR 64.96 crore bank guarantee

The Gujarat Electricity Regulatory Commission (GERC), in a unanimous order, has declined to restrain Gujarat Urja Vikas Nigam Limited (GUVNL) from invoking and encashing the...

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