Solar Photovoltaic (SPV) projects of around 77.8 MW capacity by Independent Power Produces (IPPs) under phase-1 of the National Solar Mission (NSM) received a go ahead from Indian Renewable Energy Development Agency (IREDA).
IREDA is a program administrator for 100 MW rooftop SPV Projects under Phase-1 of NSM. IREDA had received initial responses from over 330 developers during the registration process held on July 15. Subsequently during the final registration process, the initially shortlisted 96 project developers applied online.
Spark Network found that the top four States where they are at different stages of implementation include Rajasthan with a total of 12 MW capacity, Andhra Pradesh (10.5 MW), Haryana (8.8 MW), and Punjab (8.5 MW),” he said.
The development of these 100 MW is different from those which are being handled by the NTPC Vidyut Vyapar Nigam (NVVN).
“The program that is being handled by IREDA is based on State-led initiatives. The States where the respective regulators have been pro-active and come out with attractive tariff rates for solar power within specified timelines, the programs have taken off, as the powers generated through these source will be purchased by the State utilities,” he added.
The role of IREDA is to monitor the performance and pass on the GBI, apart from financing the projects, he added. The projects have to be commissioned by September 2011. The installation cost of solar PV units is about Rs 15 crore per MW.
IREDA, which is under the administrative control of the Ministry of New and Renewable Energy (MNRE), is to promote, develop and extend financial assistance for renewable energy projects. Apart from these 100 MW projects, IREDA is also extending loans to those projects developers, implementing projects being handled by NVVN.
Under the National Solar Mission it is being planned to develop plants for 1,100 MW in the first phase and to have 20,000 MW installed capacity by 2022.
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