Will the Gujarat State extend the solar project commissioning deadline beyond 31st Dec 2011?

There is a question on everybody’s mind on how the Gujarat State will react to the fact that more than 50% of the State solar projects with PPA have not been able to achieve financial closure.

If the projects are not commissioned till 31st Dec 2011; the rules talk about the Government cashing in on the submitted bank guarantee and the projects will also be subject to the new (lower) tariff applicable from 2012.

I don’t know the answer of what the Government will do or should do. Readers are requested to share their opinion or express their view.

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