+
Insolation Energy Wins 226 MW Solar Projects Under PM-KUSUM
POWER & RENEWABLE ENERGY

Insolation Energy Wins 226 MW Solar Projects Under PM-KUSUM

Insolation Energy on Monday announced securing multiple solar projects totalling 226.45 MW, with an investment of Rs 7.5 billion, under the PM-KUSUM scheme. The orders were awarded to its wholly-owned subsidiary, Insolation Green Energy Pvt Ltd, by Jaipur Vidyut Vitran Nigam Limited for 20 sites and Ajmer Vidyut Vitran Nigam Limited for 115 sites, the company informed the exchanges.
“The combined SPV solar power plants will total 226.45 MW under PM-KUSUM Component A, with the final levelised tariff at Rs 3.04 per unit for 16 sites, Rs 2.82 per unit for 5 sites, Rs 2.75 per unit for 53 sites, and Rs 2.60 per unit for 61 sites,” the company stated.
The projects will be executed with a total investment of Rs 7.5 billion. Insolation Green Energy will undertake design, survey, supply, installation, testing, commissioning, operation, and maintenance of these plants, scheduled for completion by 2026–27.
Launched in 2019, the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme aimed to add 30,800 MW of solar capacity by 2022, with total central financial support of Rs 34.42 billion, including service charges for implementing agencies. The scheme was later extended until March 2026 due to pandemic-related delays.
According to the Ministry of New and Renewable Energy, the scheme comprises three components: Component A focuses on 10,000 MW of small solar power plants; Component B involves 1.4 million standalone solar-powered agricultural pumps; and Component C supports the solarisation of 3.5 million grid-connected agricultural pumps.

Insolation Energy on Monday announced securing multiple solar projects totalling 226.45 MW, with an investment of Rs 7.5 billion, under the PM-KUSUM scheme. The orders were awarded to its wholly-owned subsidiary, Insolation Green Energy Pvt Ltd, by Jaipur Vidyut Vitran Nigam Limited for 20 sites and Ajmer Vidyut Vitran Nigam Limited for 115 sites, the company informed the exchanges.“The combined SPV solar power plants will total 226.45 MW under PM-KUSUM Component A, with the final levelised tariff at Rs 3.04 per unit for 16 sites, Rs 2.82 per unit for 5 sites, Rs 2.75 per unit for 53 sites, and Rs 2.60 per unit for 61 sites,” the company stated.The projects will be executed with a total investment of Rs 7.5 billion. Insolation Green Energy will undertake design, survey, supply, installation, testing, commissioning, operation, and maintenance of these plants, scheduled for completion by 2026–27.Launched in 2019, the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme aimed to add 30,800 MW of solar capacity by 2022, with total central financial support of Rs 34.42 billion, including service charges for implementing agencies. The scheme was later extended until March 2026 due to pandemic-related delays.According to the Ministry of New and Renewable Energy, the scheme comprises three components: Component A focuses on 10,000 MW of small solar power plants; Component B involves 1.4 million standalone solar-powered agricultural pumps; and Component C supports the solarisation of 3.5 million grid-connected agricultural pumps.

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code