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Renewable Energy Projects To Get Extension Due To Lockdown

Capital Market 

Ministry of New and Renewable Energy has stated that all Renewable Energy (RE) projects under implementation will be given extension of time considering period of lock down and time required for remobilisation of work force. Indian Prime Minister, announced a complete lockdown across the country for 21 days from Tuesday midnight, asserting that it was very necessary to break the chain of coronavirus.

The spread of coronavirus has not only disrupted the supply chain of components used in RE projects but also has impacted the availability of workforce. In this context the announcement of the extension of time will provide great relief to all the stakeholders in RE sector.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 26 2020. 12:15 IST