For the sake of clarity on selection of 750 MW Grid connected Solar PV Projects under JNNSM Phase-II, Batch-I, attentions of all the prospective Bidders are invited to refer to the notification issued by MNRE vide No. 29/5(1)/2012-13/JNNSM dated 15th October, 2013, stating that “SECI will set up a Payment Security Mechanism involving a corpus of around Rs. 170 Cr. in order to ensure timely payment to the developers, as per the Detailed Guidelines.”