The proposed projects would be developed under
Batch-lV of Phase-ll of the Jawaharlal Nehru National Solar Mission (JNNSM), a
government initiative that is aimed to have 20,000MW of grid connected solar
power by 2022 which is now enhanced upto 1,00,000MW. The government plans to provide Rs50.5bn
($742.3m) in Viability Gap Funding (VGF) for the projects. The solar plants will be developed in four
tranches of each 1,250MW capacity during four financial years viz. 2015-16,
2016-17, 2017-18 and 2018-19. More than 30,000 would be created as part of
the development of these projects. The government would invite bids from solar
power developers for the construction of the grid connected solar power
projects on build, own and operate basis. The projects will be set up in the solar parks
of various states,developed through coordinated efforts of central and state
agencies. Solar Energy Corporation of India (SECI) will
sign power purchase agreement (PPA) with the selected developers and the power
sale agreement with the buying entities for the clean electricity generated at
the projects. The projects are expected to generate more
than 8,300 million units of clean electricity that will be enough to power
nearly 2.5 million households every year, reducing about 8.525 million tons of
CO2 emissions into environment every year. Commissioning of the
projects would take place within 13 months from the date of signing of PPAs with the
selected developers and the power sale agreement with the buying entities for
the clean electricity generated at the projects. The projects are expected to generate more
than 8,300 million units of clean electricity that will be enough to power
nearly 2.5 million households every year, reducing about 8.525 million tons of
CO2 emissions into environment every year. Commissioning of the projects would take place
within 13 months from the date of signing of PPAs.
Original Post By: CleanTechnologyBusinessReview
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