8 hours ago
5k MW solar plants of 20k Cr to light up MP, banks ink MoUs
Bhopal: Madhya Pradesh is set to develop around 5,000 MW capacity of decentralised solar plants under the Surya Mitra Krishi Feeder Yojana in the state.
A Surya Mitra Krishi Feeder Yojana Summit is being organised on June 10 at the Kushabhau Thakre Convention Hall for potential investors.
Madhya Pradesh Urja Vikas Nigam (MPUVN) has invited tenders for developing these solar plants across 1900 agricultural feeders in the state.
Sources said that an overall 1,200 MW capacity will be eligible for central financial assistance or subsidy, as data of around 2.45 lakh irrigation pumps connected with these agricultural feeders is available. However, as there are several other factors that make the load at each of the sub-stations more than the connected irrigation pumps, making the process flexible, MPUVN has kept it open for the bidders.
Bidders could opt for the entire sub-station capacity irrespective of the capacity eligible for central assistance or subsidy.
For example, if a sub-station has a potential capacity of 3 MW but only 1.5 MW load of irrigation pumps are connected in the sub-station, then central subsidy will be available only for 1.5 MW. However, MPUVN has sought bids for the entire 3 MW. Thus, the bidder may opt for half of the central assistance, a part of it, the entire amount, or even opt to bid without taking any assistance.
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The bidder will have to quote the overall price for the entire 3 MW, and the lowest one will be awarded the work of development.
"We expect that this will lead to the development of solar projects with a capacity between 3,000 MW and 5000 MW, provided we get reasonable rates. Thus, the investments could be around Rs 20,000 crore. Besides the flexibility for bidders in choosing the portion for which they want central financial assistance, we have also signed MoUs with three banks for assistance in financing the projects.
These banks will provide loans for the development of the projects at reasonable rates and within a stipulated period of time," managing director of MP Urja Vikas Nigam, Amanveer Singh Bais, told TOI.
Sources said that once a developer wins the bid, an MoU for the procurement of energy for 25 years will be signed with the developer.
Bhopal: Madhya Pradesh is set to develop around 5,000 MW capacity of decentralised solar plants under the Surya Mitra Krishi Feeder Yojana in the state.
A Surya Mitra Krishi Feeder Yojana Summit is being organised on June 10 at the Kushabhau Thakre Convention Hall for potential investors.
Madhya Pradesh Urja Vikas Nigam (MPUVN) has invited tenders for developing these solar plants across 1900 agricultural feeders in the state.
Sources said that an overall 1,200 MW capacity will be eligible for central financial assistance or subsidy, as data of around 2.45 lakh irrigation pumps connected with these agricultural feeders is available.
However, as there are several other factors that make the load at each of the sub-stations more than the connected irrigation pumps, making the process flexible, MPUVN has kept it open for the bidders. Bidders could opt for the entire sub-station capacity irrespective of the capacity eligible for central assistance or subsidy.
For example, if a sub-station has a potential capacity of 3 MW but only 1.5 MW load of irrigation pumps are connected in the sub-station, then central subsidy will be available only for 1.5 MW.
However, MPUVN has sought bids for the entire 3 MW. Thus, the bidder may opt for half of the central assistance, a part of it, the entire amount, or even opt to bid without taking any assistance. The bidder will have to quote the overall price for the entire 3 MW, and the lowest one will be awarded the work of development.
"We expect that this will lead to the development of solar projects with a capacity between 3,000 MW and 5000 MW, provided we get reasonable rates. Thus, the investments could be around Rs 20,000 crore. Besides the flexibility for bidders in choosing the portion for which they want central financial assistance, we have also signed MoUs with three banks for assistance in financing the projects. These banks will provide loans for the development of the projects at reasonable rates and within a stipulated period of time," managing director of MP Urja Vikas Nigam, Amanveer Singh Bais, told TOI.
Sources said that once a developer wins the bid, an MoU for the procurement of energy for 25 years will be signed with the developer.
