MNRE announced details about the 12 GW PV CPSU program
Post date: 04/07/2019 - 15:43
The Indian Ministry of New and Renewable Energy (MNRE) has issued a notification regarding the modalities and role of distribution companies (DISCOMs) to ensure the smooth implementation of the second phase of the Central Public Sector Undertaking (CPSU) program. According to Mercom Capital Group, this government program aims to set up 12,000 MW of grid-connected PV power projects for self-use or use by government entities. The programme’s phase II received the President’s approval in March 2019, is expected to create an investment of INR 480 billion ($6.70 billion) and provide direct employment to 60,000 people for about one year in pre-commissioning phase and 18,000 people for the next 25 years during the operation and maintenance period, says the consultancy. The 12 GW will be tendered in three consecutive financial years (FYs) including the current one and are expected to be developed by the end of FY 2022-2023.
According to Mercom, all the solar cells and modules utilized in setting up of PV projects under this program must be domestically manufactured. So far, SECI has tendered 2 GW of solar PV under Phase-II of the CPSU program.