Amplus Solar has secured an approval from the Haryana government for two of its solar PV projects with a cumulative capacity of 150 MW to supply solar power under the open access route to industries in the state.
In March 2019, the Haryana Renewable Energy Development Agency (HAREDA) amended its guidelines for MW-scale ground-mounted and rooftop solar projects meant for captive consumption or third party sale.
According to the guidelines, wheeling charges, cross-subsidy charges, transmission and distribution charges, and additional surcharges will be completely waived for third-party sale or open access consumers of energy from ground-mounted or rooftop solar PV projects commissioned during the control period.
To leverage this change in regulation, Amplus will make a capital investment of Rs 7.5 billion for these two solar PV projects. Earlier, Amplus had signed a MoU with the state’s Department of Renewable Energy in 2016 to invest Rs 10 billion in the solar sector in line with the Haryana Solar Policy that has a target of 3,200 MW of solar projects.
Recently, Malaysia’s state-owned oil and gas company, PETRONAS, acquired Amplus Energy Solutions.