PM KUSUM: Odisha floats tender for 500 MW solar projects

14 May 2021 CW Team

The prime focus of the project is to let Grid Corporation of Odisha meet its renewable solar purchase obligation. Rs 3.08 per kWh has been set as a ceiling tariff for the tender.

The project also aims to enable farmers, village bodies, cooperatives and other such bodies to either develop the project or increase their earnings by leasing their land to set up the project by a builder.

OREDA also aims to promote local employment through the project. The other key area for promoting the project is to reduce the carbon footprint for a period of 25 years to the extent of 666,500 tonne per annum.

The government has set a target to set up 10 GW of decentralised ground-mounted grid-connected solar projects of individual project size of up to 2 MW, under Component A of the programme.

The pre-bid meeting is going to be held on May 21. The last date to make the bids online is 22 June 2021, and the bids will be opened on June 24. The bidder who is victorious will have to furnish Rs 500,000 per MW of the quoted capacity as the security deposit for the performance.

Laying the dedicated 11 kV line from the project to a nearby 33/11 kV substation, construction of bay, and related switchgear at the substation will also be the bidder’s responsibility, where the project will get connected to the grid, and metering will be done.

The solar power generator will be responsible for engineering, procuring, taking insurance, installing, testing, designing, supplying, transporting, achieving, erecting, and constructing the commissioning of the project.

The bidders should not have any records of being blacklisted or defaulted by any government agency, public sector undertaking or any other institution. The bidders can partake as an individual farmer, group of farmers, cooperative, or a panchayat setting up the project on their lands to participate in the bidding process. They could hand over the task to a developer as an alternative.

Image Source

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

Also read: National Solar Mission: Installations now 40% of 2022 target

The Odisha Renewable Energy Development Agency (OREDA) has opened a tender inviting bids for selecting solar power generators to set up 500 MW solar power projects under Component A of the Pradhan Mantri Kisan Urja Suraksha Evam Utthan Mahabhiyan (PM KUSUM) programme, on a build, own, and operate basis. The prime focus of the project is to let Grid Corporation of Odisha meet its renewable solar purchase obligation. Rs 3.08 per kWh has been set as a ceiling tariff for the tender. The project also aims to enable farmers, village bodies, cooperatives and other such bodies to either develop the project or increase their earnings by leasing their land to set up the project by a builder. OREDA also aims to promote local employment through the project. The other key area for promoting the project is to reduce the carbon footprint for a period of 25 years to the extent of 666,500 tonne per annum. The government has set a target to set up 10 GW of decentralised ground-mounted grid-connected solar projects of individual project size of up to 2 MW, under Component A of the programme. The pre-bid meeting is going to be held on May 21. The last date to make the bids online is 22 June 2021, and the bids will be opened on June 24. The bidder who is victorious will have to furnish Rs 500,000 per MW of the quoted capacity as the security deposit for the performance. Laying the dedicated 11 kV line from the project to a nearby 33/11 kV substation, construction of bay, and related switchgear at the substation will also be the bidder’s responsibility, where the project will get connected to the grid, and metering will be done. The solar power generator will be responsible for engineering, procuring, taking insurance, installing, testing, designing, supplying, transporting, achieving, erecting, and constructing the commissioning of the project. The bidders should not have any records of being blacklisted or defaulted by any government agency, public sector undertaking or any other institution. The bidders can partake as an individual farmer, group of farmers, cooperative, or a panchayat setting up the project on their lands to participate in the bidding process. They could hand over the task to a developer as an alternative. Image Source Also read: Solar power: India third most attractive country for solar investment Also read: National Solar Mission: Installations now 40% of 2022 target

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Infrastructure Energy

06 Apr 2026

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Real Estate

06 Apr 2026

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..