IREDA extends bid submission date for 12000 MW grid-connected solar projects

IREDA (Indian Renewable Energy Development Agency Ltd) a PSU under Ministry of New & Renewable Energy (MNRE), has once again extended bid submission date for setting up of 12000 MW grid-connected solar projects under Central Public Sector Undertaking (CPSU) scheme phase-II. Earlier the bids was scheduled to be submitted on 30th May but cancelled.
Under the scheme on payment of mutually agreed usage charges that should not be more than Rs 2.45 per unit, the power produced by the government producers can be used either directly or through the DISCOMS.
IREDA had invited proposals for setting up of Mini and Micro Grid Connected Solar PV projects in the country as part of the government’s target to achieve 100 GW Solar PV installations by the year 2022. The project for an aggregate capacity of 5000 MW under phase-II is to be done on the basis of Build Own Operate (B-O-O) basis.