The Indian Renewable Energy Development Agency Ltd (IREDA), under the Ministry of New & Renewable Energy (MNRE), has extended the bid submission date for the 5 GW grid-connected solar power generation capacity tendered under the third tranche of Central Public Sector Undertaking (CPSU) scheme Phase II.
The bidding deadline, earlier set for May 30, is now revised to June 15.
State-owned power generators are required to develop this capacity on a build-own-operate basis—either for self-consumption or use by other government entities—using India-made cells and modules. The solar electricity can be supplied to the beneficiary either directly or via power distribution companies on mutually agreed charges.
Under the Scheme, government producers are provided a viability gap funding (VGF) to cover the cost difference between domestic and imported solar cells and modules.
The selection of the producer would be made using the VGF amount as a bid parameter.
“The power produced by the government producers can be used on payment of mutually agreed usage charges of not more than INR 2.45/kWh (US$0.034/kWh) for self-use or use by the government entities, either directly or through Discoms. The maximum permissible VGF is INR 55 lakh (US$ 75,451) per megawatt. The actual VGF to the government producer will be decided through the bidding process using the VGF amount as a bid parameter to select the project developer,” as per the tender requirements.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: email@example.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.