Newly-structured guarantee cover for 3 power projects

  • 10/12/1999

  • Economic Times (New Delhi)

The Centre has identified three mega power projects, Hirma, Ennore and Pipavav for the new guarantee cover which its plans to provide to ensure regular payments for energy sold. As an alternative to the earlier counter guarantee scheme extended to the fast track power projects, the government has worked on a seprate guarantee structure which will also be applicable to large transmission projects.