The Ministry of New and Renewable Energy (MNRE) has recently notified amendments to the guidelines for award of solar power projects through tariff based competitive bidding process, relaxing the timeline for land acquisition. This is in line with the commissioning timeline (15 months for projects in solar parks and 18 months for projects outside solar parks) from 12 months earlier.
The amended guidelines state that the tariff adoption must be approved by the appropriate regulatory commission within 60 days of submission. If the commission does not decide on the tariffs within this period, the tariff is deemed to be approved. Any delay in adoption of tariff beyond 60 days would also lead to corresponding extension in scheduled commissioning date, according to ICRA. Read More
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