CCEA approves proposal for setting up 12,000 MW grid-connected solar PV projects

The Cabinet Committee on Economic Affairs (CCEA) approved the Ministry of New and Renewable Energy’s (MNRE’s) proposal for setting up of 12,000 MW grid-connected solar photovoltaic (PV) power projects under the Central Public Sector Undertaking scheme (Phase II) with viability gap funding (VGF) support of Rs 85.8 billion for self-use or use by the central and state governments or government entities.

The proposal mandates use of both solar PV cells and modules manufactured domestically as per specifications and testing requirements fixed by the MNRE. The solar power projects will be set up by the government producers in a period of four years that is from 2019-20 to 2022-23, as per the terms and conditions specified in government producer scheme.

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