Though the new amendments of government are supporting the wind mill project developers and benefiting them in various ways. Land Acquisition is being one of the major impediments for timely completion of projects according to CARE Ratings.
The government has made certain changes to the bidding guidelines for wind projects to fasten the installation of energy projects in the country.
As per the amendment the timeline for wind projects land acquisition has been extended from seven months to eighteen months which is the scheduled commission date.
CARE Ratings added that “It opines that the new amendments will benefit wind project developers. However, land acquisition and evacuation infrastructure to continue to remain major impediments for timely competition of wind products.”
Although the new guidelines would provide enough time to acquire land, any significant delay in land acquisition till the SCD would leave a little room in terms of timelines for project execution unless significant dealy in execution of PPA or PSA itself.
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