2020-03-31 / HFE Team
COVID-19: Solar power industry to face six-month deferment of CODs
The impact of the COVID-19 pandemic on India’s solar power industry will be a six-month deferment of commercial operation dates (CODs) along with a dent to rooftop solar installations as staff movement is restricted, said Sunil Jain, CEO, Hero Future Energies in an exclusive interview with ETEnergyworld.
“The government has agreed to give extension of time to everybody so that way it is safe. But, the only thing is that projects across the industry will get delayed by six months which would result in deferment of Commercial Operation Declaration for that period,” said Jain, adding Hero Future does not have any project to be commissioned immediately and the earliest one which has to come up is slated for October.
He added that the people to be primarily impacted would be the ones whose projects were already halfway through and whose modules were coming in January, February, or March.
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