The Ministry of New and Renewable Energy (MNRE) has proposed shortening the period for commissioning for solar power projects, to speed up the pace of solar capacity addition in view of the target of 100,000 MW of solar capacity to be achieved by 2022. But developers are unhappy with the suggestion maintaining the shortened deadline will put too much pressure on them.
The commissioning schedule of a solar project is currently 21 months from the date of execution of the power purchase agreement for projects being set up within a solar park, and 24 months for projects of over 250 MW elsewhere.
“In case of projects inside solar parks where there are no major challenges to land possession and financial closure, a commissioning period of 15 months from the PPA is proposed, considering nine months for financial closure and another six months for construction activities,” says the MNRE’s internal memo. Read More
Latest posts by The Economic Times (see all)
- NHAI eyes Rs 5,000 crore from roads bidding - May 25, 2019
- US deadline ends, India stops purchasing Iranian oil - May 24, 2019
- INR91,000 crore time bomb: The IL&FS crisis continues to simmer - May 24, 2019