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

Next Story
Infrastructure Transport

Bengaluru Unveils Rs 1,200 Bn Infra Upgrade Plan

Bengaluru is set to receive a massive infrastructure boost worth Rs 1,200 billion under new projects planned by the Karnataka government to enhance urban mobility and connectivity. The initiative includes the expansion of the city’s metro network, construction of tunnel roads, elevated corridors, and 500 km of white-topping works to improve road durability. The Bruhat Bengaluru Mahanagara Palike (BBMP) and Bengaluru Metro Rail Corporation Limited (BMRCL) will jointly execute the projects. Key projects include tunnel roads between Hebbal and Mekhri Circle, 25 new signal-free corridors, and ..

Next Story
Infrastructure Transport

Cochin Shipyard delivers first indigenous ASW vessel ‘Mahe’ to Navy

Cochin Shipyard Limited (CSL) has delivered INS Mahe, the first indigenous Anti-Submarine Warfare Shallow Water Craft (ASW SWC), to the Indian Navy. The vessel is part of an eight-ship series being constructed under the Navy’s “Atmanirbhar Bharat” initiative to strengthen coastal defence capabilities. Designed and built entirely in India, Mahe features advanced sensors and weapon systems for detecting and neutralising underwater threats in coastal waters. The vessel underwent extensive sea trials before delivery, demonstrating high performance and manoeuvrability. This milestone reinfo..

Next Story
Infrastructure Urban

Vedanta Group to invest Rs 1,000 billion more in Odisha projects

Vedanta Group has announced an additional investment of Rs 1,000 billion in Odisha to expand its operations across metals, energy, and downstream industries. Anil Agarwal, Chairman, made the announcement during the third edition of the Make in Odisha conclave, highlighting the state’s pivotal role in India’s industrial growth.The investment will focus on strengthening Vedanta’s aluminium and copper businesses, establishing new value-added facilities, and boosting employment in the region. The company already operates large-scale plants in Jharsuguda and Lanjigarh, contributing significan..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?