MNRE regulates guidelines for 12,000 MW CPSU solar project scheme

13 May 2021 CW Team

The Ministry of New and Renewable Energy (MNRE) has amended the guidelines for executing the Central Public Sector Undertaking (CPSU) phase-2 scheme for installing a 12,000-MW grid-connected solar project with viability gap funding (VGF).

According to the newly amended guidelines, power generated by the government producers can be used for the payment of mutually agreed charges, not more than Rs 2.45 per unit. Before this, the mutually agreed usage charges were not more than Rs 2.80 per unit.

However, the maximum allowable VGF was at Rs 55 lakh per MW, being kept at Rs 70 lakh per MW previously. The VGF covers the cost difference of domestically produced solar cells and modules and imported solar cells.

Regarding the project commissioning timelines, the new guidelines say that the solar power projects should be dispatched within 30 months from the date of the letter of award.

To expedite the implementation of the scheme and to offer impetus to domestic solar PV manufacturing, a shorter timeline can also be specified by the MNRE.

Previous guidelines had set projects commissioning timeline within 24 months from the date of the letter of award for projects up to 500 MW, and for projects more than 500 MW capacity, the timeline was 24 months, while the balance capacity timeline was to be commissioned within six months.

Image Source

Also read: Govt urges electricity regulators to issue tariff orders on time

Also read: Solar power: India third most attractive country for solar investment

Real Estate

03 Apr 2026

Loomcraft Enters South India with Kerala Store Launch

Loomcraft has launched its exclusive store in Kerala, marking its entry into South India and a key step in its nationwide expansion strategy. The move targets a region driven by tourism and premium real estate demand, where outdoor spaces play a central role in hospitality and residential experiences.Kerala’s growing base of luxury resorts, boutique hotels, villas and gated communities has created strong demand for specialised outdoor furniture. However, the region has remained underserved, with buyers relying on imports or generic products not suited to humid, coastal and monsoon-heavy cond..

Mild Steel Prices Seen Rising to Rs 61,000 Per Tonne

Mild steel prices in India, currently around Rs 58,000 per tonne, are expected to rise to nearly Rs 61,000 per tonne in April, indicating an increase of about Rs 3,000 per tonne. The anticipated rise reflects structural pressures driven by geopolitical tensions, energy constraints and limited raw material availability.Ongoing global conflict has disrupted energy markets, leading to LNG shortages that are affecting domestic steel production. Small and mid-sized manufacturers, particularly those dependent on gas-based processes, are witnessing production cuts due to constrained energy supply, re..

Vedanta Expands Transgender Workforce to 75 Employees

Vedanta has strengthened its commitment to workplace inclusion by employing 75 transgender individuals across its businesses, including Vedanta Aluminium, Hindustan Zinc, Sesa Goa, FACOR and Cairn Oil & Gas. The initiative reflects sustained hiring efforts since 2022 to build equitable opportunities across operations, corporate and technical roles.Transgender employees are engaged in functions such as operations, finance, logistics, HR, CSR, healthcare and security, with provisions for internal mobility to support career progression. The company has implemented structured policies, includi..