Five companies submit bids for 2,000 MW grid-connected solar projects under CPSU scheme

A total of five companies have submitted the bids for implementation of the 2,000 MW grid-connected solar power projects (Tranche-I) under the central public sector undertaking (CPSU) scheme Phase-ll with a viability gap funding (VGF) support for self-use or use by Union and state governments or government entities. These include NTPC Limited, NHDC Limited, Assam Power Distribution Company Limited (APDCL), Nalanda University and Delhi Metro Rail Corporation (DMRC).

NTPC Limited has submitted bids for developing 1,000 MW capacity while NHDC and APDCL have submitted bids for developing 30 MW capacity each. Besides, Nalanda University and DMRC have submitted bids to develop 5 MW and 3 MW capacity respectively. With this, the tender issued by Solar Energy Corporation of India in March 2019 has been undersubscribed with an aggregate capacity of 932 MW.

The project involves development of 2,000 MW solar power plants across the country on build, own and operate basis. The Union Government accorded approval to the scheme in March 2019. The solar power projects will be set up by the government entities in a period of four years that is 2019-20 to 2022-23, as per the terms and conditions specified under the scheme.

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