The Ministry of New and Renewable Energy (MNRE) has once again amended the guidelines for the implementation of the viability gap funding (VGF) program for solar photovoltaic (PV) projects under National Solar Mission (NSM) Phase-II.
These amendments will apply to 750 MW of grid-connected solar PV under Batch-I NSM Phase-II, 2,000 MW of grid-connected solar PV under Batch-III NSM Phase-II, and 5,000 MW of grid-connected solar PV under Batch-IV NSM Phase-II.
This time, the MNRE has given a six-month extension to those solar projects being developed under the VGF program, which have been set up within deadline of 24 or 25 months, but formalities of completion could not be completed due to delay in getting land or delay by government agencies. Read more
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