MNRE amends guidelines for 12,000 MW CPSU phase-II solar project scheme

The Ministry of New and Renewable Energy (MNRE) has amended the guidelines for implementation of central public sector undertaking (CPSU) scheme phase-II for setting up 12,000 MW grid-connected solar projects with viability gap funding (VGF).

As per the amended guidelines, power produced by CPSUs could be used on payment of mutually agreed usage charges of not more than Rs 2.45 per unit. Earlier, the mutually agreed usage charges were capped at Rs 2.80 per unit. Further the maximum permissible VGF has been fixed at Rs 5.5 million per MW as against Rs 7 million per MW earlier. Further, solar power projects would have to be commissioned within a period of 30 months from the date of letter of award. Earlier, projects up to 500 MW capacity had a commissioning timeline of within 24 months from the date of letter of award while for projects over 500 MW, it was 24 months while for the balance capacity it was to be commissioned within next six months.

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