Bhilwara Green Energy has informed that 20 MW Wind Power Project being set up in District Jaisalmer, Rajasthan by the Company’s wholly owned subsidiary company BG Wind Power which was scheduled to be commissioned by March, 2015 is not yet commissioned due to non receipt of regulatory approvals pre-requisite for commissioning of the project. The Company is not expecting commissioning to happen before Q1 of FY 2016-17. In view of the inadvertent delay in commissioning of the project, the Company is exercising its right to foreclose the contract with the EPC contractors and demanding the amount paid along with Interest.
The above information is a part of company’s filings submitted to BSE.