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Solar PLI: Fresh Tenders To Be Invited, RK Singh

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Union minister for power and renewable energy RK Singh said fresh tenders would be invited for the setting up of 40,000 MW manufacturing capacity for solar modules and cells under the production-linked incentive (PLI) scheme for the sector.

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The Union Budget 2022-23 made an additional outlay of Rs 19,500 crore for the PLI scheme, which had an initial outlay of Rs 4,500 crore.

The announcement could create uncertainty for the companies that had applied for the incentives earlier and are on the wait list.

In December 2021, the Ministry of New and Renewable Energy (MNRE) picked three businesses, Shirdi Sai Electricals, Reliance New Energy Solar, and Adani Infrastructure, with a commitment to construct up to 12 GW capacity against an initial grant of Rs 4,500 crore under the PLI plan.

Waaree Energies, Vikram Solar, Tata Power Solar, ReNew Solar, Emvee, Larsen & Toubro, Premier Energies, Megha Engineering, FS India Solar, Avaada, and Acme are among the other competing businesses.

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The letter of award was to be distributed to the manufacturers on the bucket list, the sources had said. “It will take around two months to award the letters to all of the remaining bidders.”

The government had earlier said in the tender document that the so-called ‘bucket list’ of applicants would be eligible for the incentives for five years starting from the date of commencement of production.

Souces from the Industry called the decision to invite fresh tenders illegal and they may even consider moving to courts, they said.

In accordance with the industry sources, stakeholders were anticipating that the Indian Renewable Energy Development Agency (IREDA) will accelerate the issuance of letters of award to the remaining 13 businesses because several of them have already bought the property, have begun land development work and have completed the basic structure.

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