INSUBCONTINENT EXCLUSIVE:
The selection process for the effective bidders is to be finished by July 30The Indian Renewable Resource Development Firm Limited invited
bids to establish solar producing units under the government's Rs 4,500-crore production connected reward (PLI) scheme
According to a declaration released by the Ministry of New and Renewable Energy on Friday, June 11, the government has designated the PSU as
the carrying out agency for the scheme
Earlier, the government had authorized the Rs
4,500 crore plan to boost domestic production of solar photovoltaic or PV modules
(Also Check Out: Cabinet Approves 4,500 Crore PLI Scheme To Boost Solar Devices Production )According to the declaration, the last date for
sending the application is June 30, 2021
The selection procedure for the effective bidders is to be completed by July 30, said the ministry
Indian Renewable Resource Development Agency or IREDA had actually floated the invite for the application file on May 25 and the electronic
application process went live on May 31
As part of the project, the applicants are needed to set-up either a brownfield or greenfield production facility for the whole capacity
allocated under the scheme
Setting up a mix of brownfield and greenfield facilities under the PLI plan is not allowed.The manufacturing capacity or unit, for which the
needed capital items have actually been imported prior to the last date of the bid submission, will not be eligible for involvement under
the PLI scheme, said the ministry
In addition, the minimum capability of the manufacturing unit to be installed should be 1,000 megawatt
The production-linked reward will be disbursed to the effective candidates each year for a duration of 5 years.The solar capability addition
depends mostly upon the imported solar photovoltaic cells and the modules as the domestic industry has actually restricted functional
capabilities of these cells/modules.
