Govt crackdown soon on developers of delayed power projects: RK Singh ...Middle East

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Govt crackdown soon on developers of delayed power projects: RK Singh
source : Business Standard ( Middle East ) () 64
The government will crackdown on developers of power projects, who miss the scheduled commercial date of operation or deadline to complete the project, Power and New & Renewable Energy Minister RK Singh said on Thursday. Addressing a CII conference, Singh said the electricity generation capacity addition is a big challenge, as people are sitting on several projects won under the bidding process. Singh said that all these projects (power) are won under the bidding process and if they miss the SCOD (scheduled commercial date of operation or deadline to complete the project), then the developer will be banned from participating in project bidding for one year. On the second such incident, the d

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