You are here: Home » Current Affairs » News » Legal
Business Standard

Madhya Pradesh seeks to quash Goldman Sachs-backed solar project

India is targeting a 30-fold increase in solar power generation capacity to 100 gigawatts by 2022

Reuters  |  New Delhi 

Madhya Pradesh, India's second largest state, has appealed to the country's top court to quash a Goldman Sachs-backed solar project, highlighting the challenges faced by solar companies looking to expand in Asia's third largest economy. Madhya Pradesh's attempts to scrap the agreement with ReNew Power over the 51 megawatts (MW) project, citing land acquisition delays, were thrown out by a state court. But the central Indian state's distribution company (discom) has now appealed to the country's highest court, potentially setting up a prolonged legal ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, September 08 2017. 21:00 IST