Govt invokes special powers that allow renewable companies t

Govt invokes special powers that allow renewable companies to sell projects won in auctions along with transmission access


›Govt invokes special powers that allow renewable companies to sell projects won in auctions along with transmission access
Govt invokes special powers that allow renewable companies to sell projects won in auctions along with transmission access
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Govt invokes special powers that allow renewable companies to sell projects won in auctions along with transmission accessBy
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Synopsis
The Union Power Ministry has invoked special dispensation available under section 107 of the Electricity Act to allow transfer of attached transmission connectivity to the buying firm, sources said.
Agencies
The renewable energy sector witnessed an unprecedented jump in acquisition in 2020. PwC had estimated that deals totalling about $4 billion were made in the sector in 2020 against about $2.7 billion in 2019.

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