New solar norms prohibit unilateral termination of PPAs

MNRE’s new solar norms have barred unilateral termination or modification of power purchase agreements by state authorities. In addition, a minimum 50 per cent penalty of the tariff will be imposed on discoms that back down solar power. The norms are a part of the recently released Guidelines for Tariff-Based Competitive Bidding Process for Procurement of Power from Grid Connected Solar PV Power Projects.

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