Home » News » IREDA invites bids for Rs. 4500 crore Solar PLI scheme

IREDA invites bids for Rs. 4500 crore Solar PLI scheme

Indian Renewable Energy Development Agency Ltd. (IREDA), a PSU under the Ministry of New & Renewable Energy (MNRE) has invited bids from solar module manufacturers for setting up solar manufacturing units under the central government’ Rs. 4,500 crore Production Linked Incentive (PLI) scheme. MNRE has appointed IREDA as the implementing agency for the scheme. The Union Cabinet had earlier approved Rs. 4,500 crore scheme to boost domestic manufacturing of solar Photo Voltaic ( PV) modules.

The last date for submitting application is 30th June. The selection process for the successful bidders is to be completed by 30th July. IREDA had floated the invitation for application document on 25th May on its website and the electronic application process went live on 31st May.

The applicants are required to set-up either brownfield or greenfield manufacturing facility for the entire capacity allotted under the scheme. Applicants are not allowed to set-up mix of brownfield and greenfield facility under the scheme. Manufacturing capacity/unit, for which required capital goods have been imported before the last date of bid submission, will not be eligible for participation under this PLI scheme. The minimum capacity of the manufacturing unit to be installed shall be 1,000 Megawatt. The PLI will be disbursed to the successful applicants annually for a period of five years.

Solar capacity addition presently depends largely upon imported solar PV cells and modules as the domestic industry has limited operational capacities of solar PV cells and modules. The National Programme on High Efficiency Solar PV Modules will reduce import dependence in a strategic sector like electricity and as such reinforce the Atmanirbhar Bharat initiative.

About IIPnews

Leave a Reply

Your email address will not be published. Required fields are marked *

*

x

Check Also

Union Minister, Shri Ashwini Vaishnaw Launches Annual Capacity Building Plan for Ministries of Railways, Communications and Electronics & IT

The Union Minister for Railways, Communications and Electronics & IT, Shri Ashwini Vaishnaw today launched ...

Status of adoption of green hydrogen in the country

The Union Minister for New & Renewable Energy and Power has informed about the status ...

Government meets academia and industry to steer R&D projects under National Green Hydrogen Mission

The Union Minister for Power and New & Renewable Energy Shri R. K. Singh chaired ...

iCreate, Microsoft and MeitY Join Hands to Transform & Boost Indian Startups in AI

During his address the Minister said, “The MoU signing for the partnership between Microsoft and ...

Digi Yatra app users number crosses 45.8 Lakhs

The number of passengers having installed the Digi Yatra application on their mobile phones has ...

Growth of 42.85% in Passengers Carried by Domestic Airlines

Remarkable growth in the number of passengers carried by domestic airlines has been noticed. According ...

Union Budget to give a boost to exports and manufacturing

Union Budget 2023-24 has a slew of measures to give boost to exports and help ...

Shri Jyotiraditya Scindia inaugurates flight connecting Bhubaneswar, Kolkata, and Jamshedpur

Union Minister of Civil Aviation and Steel, Shri Jyotiraditya M. Scindia along with General Dr. ...

Margin Money worth Rs. 100.29 Crore distributed among 3223 beneficiaries Under PMEGP Scheme , 26000 new employment generated

Chairman, Khadi and Village Industries Commission Shri Manoj Kumar today released  margin money grant of ...

G20-Startup20 Engagement Group set to meet in Hyderabad; India to convene global support for start-ups, strengthen ecosystem synergies

The G20 Startup20 Engagement Group will hold its inception meeting in Hyderabad this week, featuring ...

WP2Social Auto Publish Powered By : XYZScripts.com