Business Standard - - COMPANIES -

The case per­tains to the 51-Mw project, which the Gold­man Sachs-backed green en­ergy pro­ducer had won in a com­pet­i­tive bid­ding process in 2015 at a tar­iff of ~5.45 per unit The bid­ding was for power projects of 300 Mw

The re­main­ing 249 Mw was won by a Cana­dian so­lar com­pany SkyPower Global, whose PPA the MP gov­ern­ment has al­ready can­celled

Re­New con­tested the de­ci­sion to can­cel the PPA in the Ja­balpur High Court, which dis­al­lowed the ter­mi­na­tion but main­tained the in­vo­ca­tion of a bank guar­an­tee amount­ing to ~153 mil­lion

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