IREDA extends bid submission date for CPSU solar projects
POWER & RENEWABLE ENERGY

IREDA extends bid submission date for CPSU solar projects

Indian Renewable Energy Development Agency Ltd (IREDA) has extended the bid submission date for the execution of the Central Public Sector Undertaking (CPSU) scheme phase-II to June 15 for setting up 12,000 MW grid-connected solar projects with Viability Gap Funding (VGF).

The last date to submit the bids was May 30 earlier. A VGF is given to cover the cost difference between domestic and imported solar cells and modules. VGF is going to be released in two phases.

The CPSUs must submit their responses by 15 June 2021, and the successful bidders will be selected by July 20. MNRE had appointed IREDA as the executing agency for the scheme earlier.

Under the scheme, the power produced by the government producers can be used on payment of mutually agreed usage charges of not more than Rs 2.45 per unit for use by the government or government entities or self-use, either through discoms or directly.

The maximum VGF that is permissible is Rs 55 lakh per megawatt. The bidding process will decide the actual VGF to the government producer using the VGF amount as a bid parameter to select the project developer.

The MNRE will review the maximum permissible BGF amount from time to time and reduce it if the cost comes down.

IREDA invited proposals on 29 January 2021, to set up Grid (including Mini & Micro Grid) Connected Solar PV projects anywhere in the country, as a part of the Central Government's aim to achieve a cumulative capacity of 100 GW Solar PV installation by the year 2022.

This should be done on a Build Own Operate (B-O-O) basis for an aggregate capacity of 5,000 MW under Phase-II (Tranche-III).

Image Source


Also read: Indian Railways invites bids for 15 MW solar project with battery storage

Also read: Bharat Petroleum floats tender for 15 MW solar, non-solar RE projects

Indian Renewable Energy Development Agency Ltd (IREDA) has extended the bid submission date for the execution of the Central Public Sector Undertaking (CPSU) scheme phase-II to June 15 for setting up 12,000 MW grid-connected solar projects with Viability Gap Funding (VGF). The last date to submit the bids was May 30 earlier. A VGF is given to cover the cost difference between domestic and imported solar cells and modules. VGF is going to be released in two phases. The CPSUs must submit their responses by 15 June 2021, and the successful bidders will be selected by July 20. MNRE had appointed IREDA as the executing agency for the scheme earlier. Under the scheme, the power produced by the government producers can be used on payment of mutually agreed usage charges of not more than Rs 2.45 per unit for use by the government or government entities or self-use, either through discoms or directly. The maximum VGF that is permissible is Rs 55 lakh per megawatt. The bidding process will decide the actual VGF to the government producer using the VGF amount as a bid parameter to select the project developer. The MNRE will review the maximum permissible BGF amount from time to time and reduce it if the cost comes down. IREDA invited proposals on 29 January 2021, to set up Grid (including Mini & Micro Grid) Connected Solar PV projects anywhere in the country, as a part of the Central Government's aim to achieve a cumulative capacity of 100 GW Solar PV installation by the year 2022. This should be done on a Build Own Operate (B-O-O) basis for an aggregate capacity of 5,000 MW under Phase-II (Tranche-III). Image Source Also read: Indian Railways invites bids for 15 MW solar project with battery storage Also read: Bharat Petroleum floats tender for 15 MW solar, non-solar RE projects

Next Story
Infrastructure Urban

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

Next Story
Real Estate

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

Next Story
Infrastructure Transport

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?