Govt issues tenders for 20GW of solar power projects

Govt issues tenders for 20GW of solar power projects

Government has issued tenders worth 20,766 MW of solar projects so far, out of which power purchase agreements have been signed for 8,482 MW.

“Letter of intent has been issued for 3,392 MW while financial bids have been opened for 1,930 MW,” New and Renewable Energy Minister Piyush Goyal informed the Parliament on Monday.

Tenders have been floated for 6,962 MW for which bids are yet to be opened.

Government is hopeful of adding around 10,500 MW solar power generation capacity during the current fiscal. It has an ultimate objective of adding 100 GW of solar power generation capacity by 2022.

At present, the country’s solar power generation capacity is over 8,000 MW.

“Wind power projects are mainly developed by the private sector under various modes including power purchase agreement, captive use, third party use etc. No Union Government project is under construction in wind energy sector,” the Minister said.

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