+
PM KUSUM: Govt extends deadline to complete solar projects
POWER & RENEWABLE ENERGY

PM KUSUM: Govt extends deadline to complete solar projects

The Ministry of New and Renewable Energy (MNRE) has extended the last date of completing the grid-connected solar projects under component-A of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM KUSUM) scheme till 31 March 2022.

The project completion extension was already approved due to the Covid-19 pandemic delays.

MNRE said that according to the project guidelines, the last date to complete the grid-connected solar projects is one year from the date of issue of the letter of award (LoA) to the farmers or developer.

MNRE saw the challenges faced by the farmers and developers to complete the project on time, and due to the Covid-19 pandemic, the deadline was extended by more than seven months.

Under the component-A of the project underway in some states against the LoA's issued in FY20-21. But the project completion will take over 12 months due to the Covid-19 pandemic and shortage of finance.

Under component-A, renewable energy power plants of 500 kW to 2 MW capacity can be installed by a farmer, group of farmers, or panchayats on barren land.

To provide more relief to renewable energy developers during the second wave of the Covid-19 pandemic, MNRE issued a 75 days extension in June for projects commissioned between April and June 2021.

After the deadline extension, the immediate milestone of the project will also be extended. The developers should pass the extension benefit to the stakeholders and further to the engineers, procurement, contractors, suppliers, and original manufacturer, the Ministry said.

MNRE has also issued a notification that renewable projects commissioned on or after 1 April 2021 can claim an extension due to the pandemic. But the developers should not use the extension as termination of the power purchase agreement (PPA), project cost increase, or upward revision in tariff.

Image Source


Also read: PM KUSUM: Madhya Pradesh floats tender for 270 MW solar projects

Also read: PM Kusum: MPUVNL floats tenders for 225 MW solar projects

The Ministry of New and Renewable Energy (MNRE) has extended the last date of completing the grid-connected solar projects under component-A of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM KUSUM) scheme till 31 March 2022. The project completion extension was already approved due to the Covid-19 pandemic delays. MNRE said that according to the project guidelines, the last date to complete the grid-connected solar projects is one year from the date of issue of the letter of award (LoA) to the farmers or developer. MNRE saw the challenges faced by the farmers and developers to complete the project on time, and due to the Covid-19 pandemic, the deadline was extended by more than seven months. Under the component-A of the project underway in some states against the LoA's issued in FY20-21. But the project completion will take over 12 months due to the Covid-19 pandemic and shortage of finance. Under component-A, renewable energy power plants of 500 kW to 2 MW capacity can be installed by a farmer, group of farmers, or panchayats on barren land. To provide more relief to renewable energy developers during the second wave of the Covid-19 pandemic, MNRE issued a 75 days extension in June for projects commissioned between April and June 2021. After the deadline extension, the immediate milestone of the project will also be extended. The developers should pass the extension benefit to the stakeholders and further to the engineers, procurement, contractors, suppliers, and original manufacturer, the Ministry said. MNRE has also issued a notification that renewable projects commissioned on or after 1 April 2021 can claim an extension due to the pandemic. But the developers should not use the extension as termination of the power purchase agreement (PPA), project cost increase, or upward revision in tariff. Image Source Also read: PM KUSUM: Madhya Pradesh floats tender for 270 MW solar projects Also read: PM Kusum: MPUVNL floats tenders for 225 MW solar projects

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Perkins Begins Production of 5016 Power Generation Engine

Perkins has commenced production of its new 5016 full-authority electronic engine, completing its 5000 Series range of 6-, 8-, 12- and 16-cylinder engines. Manufactured in Stafford, UK, and Aurangabad, India, the range delivers up to 2,500 kVA of standby power and 2,250 kVA of prime power.The 61-litre V16 engine delivers 1,400–2,500 kVA at 50 Hz for base load, prime and standby applications. Designed for power generation, it supports critical infrastructure, including data centres, hospitals, airports and remote worksites.Engineered to meet ISO G3 and NFPA110 standards, the 5016 incorporates..

Next Story
Real Estate

JAPAN BUILD Tokyo 2026 Expects 35,000 Visitors

RX Japan GK will organise the 11th edition of JAPAN BUILD Tokyo at Tokyo Big Sight from 2–4 December 2026, with approximately 35,000 visitors expected from the building, construction and real estate sectors.The exhibition will bring together manufacturers, developers, contractors, architects, distributors and property owners. According to the organiser, 51.2 per cent of visitors hold managerial positions or above, providing exhibitors with opportunities to engage with procurement decision-makers. The previous edition attracted 33,618 visitors and 548 exhibitors.JAPAN BUILD Tokyo will feature..

Next Story
Infrastructure Urban

Magma Signs LOIs Worth Over Rs 8 Bn Across Industrial Businesses

Magma has signed Letters of Intent (LOIs) worth more than Rs 8 bn across its advanced materials, waste management, precision engineering and digital industrial solutions businesses.The company expects to execute around 70 per cent of the current LOI pipeline during FY27, providing visibility for the remainder of the financial year. The pipeline reflects rising demand from enterprise manufacturers and deeper engagement across Magma’s customer relationships.India’s industrial B2B trade is estimated at around USD 2 trillion. In precision engineering, imports account for 60-65 per cent of high..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code