India's Ministry of New and Renewable Energy (MNRE) has said solar park development or implementing agencies will face daily fines of INR1,000 ($1,000) for projects that are delayed by internal execution or transmission system issues. The MNRE said the fines would be taken either from central financial assistance or collected by the National Thermal Power Corporation. MNRE recently suggested speeding up the deployment of solar projects by reducing commissioning deadlines from the current 15 months.
India's Ministry of New and Renewable Energy (MNRE) has said solar park development or implementing agencies will face daily fines of INR1,000 ($13.60) for projects that are delayed by internal execution or transmission system issues. The MNRE said the fines would be taken either from central financial assistance or collected by the National Thermal Power Corporation. MNRE recently suggested speeding up the deployment of solar projects by reducing commissioning deadlines from the current 15 months.