MNRE propose amendment to Guidelines for Selection of 3000 MW Grid

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Feedback/Views/Comments from SPDs and other Stakeholders are invited on the proposed amendment given below, with respect to Guidelines for Selection of 3000 MW Grid – Connected Solar PV Power Projects under NSM Phase-II, Batch-II, Tranche-I, “State Specific Bundling Scheme.

Proposed amendment is in financial criteria:  The SPD shall be required to demonstrate/infuse capital in The form of Equity for an amount of at least Rs. 1.2 crore/MW. This infusion shall be done @ 20% at the time of signing of PPA, 50% at the time of Financial Closure and shall be supported with the relevant bank statements. Remaining will have to be infused before commissioning.

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