MNRE Scheme for Development of Grid-Connected Solar PV Power Plants on Canal Banks and Canal Tops
Detailing about the Pilot-cum-demonstration Scheme for development of grid connected solar PV power plants on Canal Banks and Canal Tops, the Ministry stated as under:
“With the objective of achieving gainful utilization of the unutilized area on top of canals and also the vacant land along the banks of canals wherever available, the Government of India has approved the implementation of a “Pilot-cum- Demonstration Project for Development of Grid-connected Solar PV Power Plants on Canal-banks and Canal-tops” under National Solar Mission (NSM) announced by the Government of India. The administrative approval for the Scheme was issued on 5th December, 2014.
Target: 100 MW Grid Connected Solar PV Power Plants on Canal Banks and Canal Tops (50 MW on Canal Tops and 50 MW on Canal Banks)
Central Financial Assistance under the scheme:
- Rs.3 crore/MW or 30% of the project cost, whichever is lower, for Canal Top SPV projects and Rs. 1.5 crore/MW or 30% of the project cost, whichever is lower, for Canal Bank SPV projects.
- CFA of upto Rs.225 crore for 100 MW (50 MW on Canal Tops and 50 MW on Canal Banks) to be disbursed over a period of maximum 2 years post sanctioning of the plants as under:
Upto 40% on sanctioning of the projects.
60% on successful commissioning of the projects.
- Service charge to SECI @1%: Rs.2.25 crore”.