IREDA replaces SECI as the implementing agency for VGF-based solar projects

The MNRE has issued amendments to the setting up of 12 GW solar projects with viability gap funding support by central public sector undertakings (CPSUs) for self-use or use by other government entities. As per the latest amendments, the power produced by the government entities can be for self-use either directly or through distribution companies at a mutually agreed rate of Rs 2.80 per kWh. This rate would apply to all charges, including wheeling and transmission, point of connection and losses, and cross-subsidy charges, among others. Earlier, as per the existing clauses, the rate was fixed at Rs 3.50 per kWh. Indian Renewable Energy Development Agency Limited will now carry out the bidding process. Earlier, SECI was the implementing agency for this programme.

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