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Solar panels, wind turbines and high-voltage transmission towers at sunset, with a translucent shield icon representing a surety bond

Assurety / RG

Field note

01regulatory 6 min

Insurance Surety Bonds in the Power Sector: What the Ministry of Power's 2026 Directive Means for Bidders

The Ministry of Power now accepts insurance surety bonds instead of bank guarantees for bid and performance security in power procurement. Here is what changes for solar, BESS, transmission and power-trading bidders.

Surety Bonds: Global vs India - How Does India's Market Compare?

A side-by-side comparison of mature surety markets and India's four-year-old framework: regulation, obligee eligibility, bond taxonomy, coverage and track record.

Understanding the IRDAI Surety Bond Reform: A New Era for Contract Guarantees in India

The landscape of infrastructure financing in India is undergoing a quiet yet significant shift. For years, contractors and project developers have relied almost entirely on bank guarantees to meet contractual obligations. But that is…

20 Nov 2025Read