The Indian Renewable Energy Development Agency Limited invited bids to set up solar manufacturing units under the government’s Rs 4,500-crore production linked incentive (PLI) scheme. According to a statement released by the Ministry of New and Renewable Energy on Friday, June 11, the government has appointed the PSU as the implementing agency for the scheme. Earlier, the government had approved the Rs. 4,500 crore scheme to boost domestic manufacturing of solar photovoltaic or PV modules. (Also Read: Cabinet Approves ₹ 4,500 Crore PLI Scheme To Boost Solar Equipment Manufacturing )
According to the statement, the last date for submitting the application is June 30, 2021. The selection process for the successful bidders is to be completed by July 30, said the ministry. Indian Renewable Energy Development Agency or IREDA had floated the invitation for the application document on May 25 and the electronic application process went live on May 31.
As part of the project, the applicants are required to set-up either a brownfield or greenfield manufacturing facility for the entire capacity allotted under the scheme. Setting up a mix of brownfield and greenfield facilities under the PLI scheme is not allowed.
The manufacturing capacity or unit, for which the required capital goods have been imported before the last date of the bid submission, will not be eligible for participation under the PLI scheme, said the ministry. Additionally, the minimum capacity of the manufacturing unit to be installed should be 1,000 megawatt. The production-linked incentive will be disbursed to the successful applicants annually for a period of five years.
The solar capacity addition depends largely upon the imported solar photovoltaic cells and the modules as the domestic industry has limited operational capacities of these cells/modules.