MoP Issues Viability Gap Funding Guidelines For BESS Project Updated On Fri, Mar 22nd, 2024 by Saurenergy The Ministry of Power (MoP) has issued the guidelines for the Rs 94 billion program to provide viability gap funding (VGF) of up to 40% to develop 4,000 Mh of battery energy storage systems (BESS) capacity across the country. According to the MoP, the budget that has been allocated to the programme stands at $37.6 […] Read more
UPCL to Procure 200 MW Solar Energy from SJVN Green Energy Ltd Updated On Wed, Nov 8th, 2023 by Saurenergy SJVN Green Energy Limited (SGEL), a wholly owned subsidiary of SJVN in Rajasthan under CPSU Scheme, has been awarded a Letter of Intent towards the procurement of 200 MW of solar power from Uttarakhand Power Corporation Limited (UPCL). The purchase will be made at a tariff of INR 2.57 per unit from the Bikaner Solar […] Read more
State Budget: Kerala to be Home to Hydrogen Train, EV Industrial Park Updated On Sun, Feb 5th, 2023 by Saurenergy Presented by Finance Minister of K.N. Balagopal, the Budget made significant announcements on renewable energy, Green Hydrogen and electric vehicles. The Budget sets sights on initiatives for the establishment of green hydrogen hubs in Kochi and Thiruvananthapuram. The timeline for the achievement of these is over the next two years. An outlay of Rs 200 […] Read more
SECI Releases ₹520 Crores To developers in July Updated On Fri, Aug 28th, 2020 by Saurenergy At a time when the stress due to overdues from discoms, besides multiple other factors has got the industry on edge, SECI (Solar Energy Corporation Of India) has released a statement that claims ₹520 crores have been released to developers for payments against wind and solar energy generation. This represents about 75 percent of the […] Read more
Implementation of 1000 MW Solar Power Projects With VGF Updated On Mon, Feb 18th, 2019 by Saurenergy The detailed tender document is under preparation and shall be available for download from February 28, 2019. The Solar Energy Corporation of India (SECI) has issued a notice with reference to the NIT regarding the Tender for Implementation of 1000MW Grid Connected Solar PV Power Projects by the Government Producers with Viability Gap Funding (VGF) Support for Self-Use […] Read more
MNRE Again Amends Guidelines for Viability Gap Funding Updated On Wed, Dec 12th, 2018 by Saurenergy Earlier, SECI had the power to delay the project by three months in such situations and any extension beyond three months had to be approved by the ministry. The ministry of New and Renewable energy has yet again amended the guidelines which it issued earlier regarding setting up of solar parks of more than 2 […] Read more
BEL Sets Up 16 MW Solar Power Plant at HVF, Avadi Updated On Mon, Jun 11th, 2018 by Saurenergy The company is establishing energy security for the Ordnance Factory Estates under the Viability Gap Funding (VGF) scheme by setting up utility scale grid-connected solar power plants. Navratna Defence PSU Bharat Electronics Ltd (BEL) has set up a 16 MW grid-connected solar power plant at Heavy Vehicle Factory (HVF), Avadi. The company’s move was one […] Read more
Mirzapur Solar Plant gets Rs 74.25 lk per MW Viability Gap Funding from Govt Updated On Thu, Mar 15th, 2018 by Saurenergy The electricity generated by the project will be supplied by ENGIE at the rate of Rs 4.43 per unit for a period of 25 years. The Mirzapur’s 75 MW solar power plant, set-up by the French firm ENGIE at a cost of around Rs 528 crore, has got Rs 74.25 lakh per MW Viability Gap […] Read more
Solar Panel Case: MNRE Removes DCR Clause From 5 GW Phase-II Batch-IV VGF Scheme Updated On Fri, Feb 23rd, 2018 by Saurenergy The amendment comes in response to the US allegation that India had not complied with the World Trade Organisation’s ruling in the solar panels dispute case. In a significant development, the Ministry of New and Renewable Energy (MNRE) has announced an amendment for the implementation of a scheme for setting-up of more than 5 GW […] Read more
