New Delhi, Nov. 18 -- Inox Green Energy Services has lost grid access for its 300 MW wind project in Gujarat after failing to meet commissioning deadlines, according to an order issued by the Central Electricity Regulatory Commission (CERC).

The regulator upheld the decision of the Central Transmission Utility of India Ltd (CTUIL), in an order dated Monday, to revoke the project's connectivity at the Bhuj-II pooling station, citing the company's inability to achieve financial closure or demonstrate substantive progress despite multiple extensions

CTUIL revoked the connectivity on March 10 and encashed bank guarantees worth Rs 3.5 crore, according to Reuters.

The CERC noted that Inox Green had been "holding onto the connectivity for the...