MNRE proposes amendments to VGF programme

MNRE has proposed amendments to the guidelines for the implementation of the viability gap funding (VGF) programme, reducing the minimum solar project size in special category states and union territories (UTs) from 10 MW to 5 MW. This is being done with the understanding that big projects might not be viable for all types of terrains in the proposed states. Under the VGF programme, 7,000 MW of grid-connected solar projects will be installed. Of this, 2,000 MW of projects will be installed under the National Solar Mission (NSM) Phase II Batch III, and 5,000 MW under NSM Phase II Batch IV. The new amendment will not apply to bids that have already been opened by the Solar Energy Corporation of India (SECI).

GET ACCESS TO OUR ARTICLES

Enter your email address