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3.15.2 The Performance Security shall be denominated in Indian Rupees and shall be in one of the following forms: a. a demand draft, or a bank guarantee from the List of banks as given in Annexure-B b. be confirmed for payment by the branch of the bank giving the bank guarantee at New Delhi OMP (I)(COMM) 148/2017 Page 2 3.15.3 The PBG shall be forfeited as follows without prejudice to the Bidder being liable for any further consequential loss or damage incurred to SECI. a. If the Successful Bidder is not able to identify the projects and submit Project Sanction Documents to the satisfaction of SECI, PBG amount, pro-rata to the capacity for which the Successful Bidder is not able to identify the Projects and submit Project Sanction Documents.

13. Clause 11.3 of the Letter of Allocation provided for the forfeiture of the PBG in the following terms:

"11.3 The PBG shall be forfeited as follows without prejudice to the Bidder being liable for any further consequential loss or damage incurred to SECI.
a. If the Successful Bidder is not able to identify the projects and submit Project Sanction Documents to the satisfaction of SECI, PBG amount, pro-rata to the capacity for which the Successful Bidder is not able to identify the Projects and submit Project Sanction Documents.