Inox Green Energy Services has lost grid connectivity for its 300 megawatt (MW) wind project in Gujarat after failing to complete it on time, a filing with the Central Electricity Regulatory Commission (CERC) showed.
In an order dated Monday, the CERC upheld the disconnection by Central Transmission Utility of India Ltd (CTUIL), saying that the company failed to achieve financial closure or make significant progress despite repeated extensions.
The connectivity at Bhuj-II pooling station was revoked byCTUIL on March 10 after Inox Green missed commissioning deadlines. CTUIL also encashed bank guarantees worth ₹3.5 crore ($394,788.79).
The disconnection underscores the challenges faced by Indian clean energy developers, especially in acquiring land for the projects, while the country’s t

Businessline

AlterNet
The Daily Beast