Cabinet Committee approves amendment in Mega Power Policy 2009

01 Apr 2022 CW Team

The Cabinet Committee on Economic Affairs, chaired by PM Narendra Modi, approved a time extension of 36 months to the 10 Provisional Mega certified projects identified for furnishing the final Mega Certificates to the Tax authorities.

The extension of 36 months to furnish the final mega certificate will allow developers to competitively bid for power purchase agreement (PPA) in the future and get tax exemptions according to the Policy terms. The increased liquidity shall boost the overall growth of India while ensuring the revival of several stressed power assets.

The time period for the ten provisional mega projects that have been commissioned or partly commissioned to furnish the final Mega certificates to the tax authorities is extended to a period of 156 months from the date of import instead of 120 months. In the extension period, bids for firm power (intermittent renewable energy, storage, and conventional power combined together) would be invited in coordination with the Ministry of New and Renewable Energy (MNRE) along with the Solar Energy Corporation of India Limited (SECI).

Further, these Megaprojects are expected to take part in such bids for securing PPAs. The Ministry of Power shall also develop an alternative in this extension period, on the basis of the present electricity markets and ensure that the benefits are passed onto consumers in a competitive manner.

Image Source

Also read: MNRE modifies power procurement guidelines from hybrid projects

Infrastructure Urban

26 Aug 2025

Jupiter Opens First EV Showroom in Hyderabad

Jupiter Electric Mobility Pvt Ltd (JEM), the electric commercial vehicle arm of Jupiter Wagons Ltd, has inaugurated its first showroom in New Bowenpally, Secunderabad, Hyderabad. The launch also marks the introduction of its 1.05-tonne four-wheeler electric light commercial vehicle (eLCV), JEM TEZ, to Telangana’s growing logistics and intra-city freight market. This expansion underscores JEM’s commitment to delivering purpose-built sustainable mobility solutions and accelerating the electrification of India’s logistics sector.The new showroom, operated by Arven Motors Pvt Ltd, offers cus..

Premier Energies Launches 620W DCR Solar Modules in India

Premier Energies Limited, one of India’s largest integrated solar manufacturers, has launched its next-generation 620W DCR solar modules using G12R TOPCon technology, now among the most powerful large-format panels available in the country.The new modules, built with Tunnel Oxide Passivated Contact (TOPCon) architecture, deliver superior power density, improved temperature coefficients, and enhanced low-light performance. The rectangular G12R N-type cell design enables higher string power and balance-of-system optimisation, making the panels suitable for utility-scale projects as well as com..

ONGC Starts Gas Sales from Rajasthan Chinnewala Tibba Block

Oil and Natural Gas Corporation Limited (ONGC) has commenced natural gas sales from the Discovered Small Field (DSF-II) Block RJ/ONDSF/Chinnewala/2018, marking the successful monetisation of the Chinnewala Tibba field in the Rajasthan Kutch Onland Exploratory Asset (RKOEA). Gas sales officially began on 25 August 2025.This development highlights ONGC’s commitment to boosting domestic energy production and strengthening India’s energy security under the guidance of the Ministry of Petroleum and Natural Gas. Located in western Rajasthan, close to the Indo-Pakistan border, the Chinnewala Tibb..