Ministry of New and Renewable Energy (MNRE) has recently released the draft guidelines for selection of 3000 MW grid connected Solar PV Power Projects under Phase-II, Batch-II & tranche-I of JNNSM.
Under Part-I of Tranche-I, 1000 MW Solar PV Projects would come up in the Solar Park to be developed by the Joint Venture company of SECI, NEDCAP & APGENCO at Kurnool district in Andhra Pradesh.
The key points proposed in the draft are as below:
- The Scheme will be implemented by NVVN.
- The selection of Grid Connected Solar PV Projects of 1000 MW will be carried out by NVVN through a transparent tariff based bidding process.
- The generated power from developer will be purchased by NVVN and sold to AP distribution companies.
- To connect the projects to the transmission utility substations at 132kV and above, the Project capacity should be 50 MW.
- The maximum capacity to be allocated to a company or its group companies should be limited to a total of 250 MW.
- Out of total 1000 MW Under this scheme a capacity of 250 MW will come under Domestic Content Requirement (DCR).
- Keeping the slow-moving REC market in mind, it has been proposed that the NVVN will purchase 1 (One) Non- Solar REC (or proportionate Solar REC so as to match expenditure on non-Solar REC) for every 40,000 Units of bundled power purchased. The power sold to DISCOMs will cost them an extra Rs. 0.05/Unit, which is quite insignificant.
- The 1000 MW purchased by NVVN, will be bundled with 500 MW thermal power from NTPC.
Time Schedule for Solar PV Projects: Selection of Solar PV Projects shall be carried out according to the timeline given below:
The total bundled power of 1500 MW purchased, will result in injection of approximately 2250-2300 million units. As a result, NVVN will buy 56000-57500 REC per annum, which is insignificant compared to current inventory of 10.5 million RECs.
The relevant order can be accessed here.
Contributed by Dheeraj Babariya.