Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

MNRE Amends Guidelines for Solar Projects in Lakshadweep, Andaman & Nicobar

- Advertisement -

The scheme duration for solar power projects will now be valid up to March 21, 2020 and current target of 40 MW has been increased to 52 MW

In order to allow the completion of projects, Ministry of New and Renewable Energy (MNRE) of India has extended the timeline for implementation of solar power projects in Lakshadweep and Andaman and Nicobar Islands.

The Ministry came out with new set of guidelines for distributed grid-connected solar PV projects in Lakshadweep and Andaman and Nicobar Islands that include increasing the target capacity and extension of implementation timeline.

- Advertisement -

Extension of timeline

The implementation timeline has been extended to 2016-17 to 2019-20 from 2016-17 to 2018-19. The scheme duration will now be valid up to March 21, 2020 and the current target of 40 MW has been increased to 52 MW.

The existing scheme supports development of standalone battery energy storage systems (BESS), standalone solar PV power projects, floating solar PV power plants (with or without BESS) and solar PV projects with BESS transmission system.

“To ensure smooth and timely implementation of the scheme, MNRE will be authorised to make amendments, if required, in the scheme modalities,” stated the new guidelines.

In case NTPC proposes the projects and a long transmission line is needed for the evacuation of power, it would be within the financial ceiling of transmission system cost of Rs 48 crore (US$ 6.7 million) and corresponding financial assistance from central government of 40 per cent of the cost that would equate to Rs 19.2 crore (US$ 2.7 million).

The implementation guidelines for this scheme were initially announced in 2016. The aim of the initiative is to reduce cost of power in the islands which was around Rs 25 per kWh. The scheme had included 40 MW capacity solar power plants at five locations in Port Blair, with 2-3 MW each at Neil and Havelock. In addition, floating PV of 5 MW capacity across different islands of Lakshadweep.

- Advertisement -

Most Popular Articles

Industry's Buzz

Representation Image

New ECMS Attracts Tata Investment, Dixon Production Plans Begin

0
With the new ECMS scheme, Dixon and Tata look to power homegrown electronics onto the world stage. Tata has reportedly invested ₹20 billion. Dixon Technologies...

NEMC Funds 19 Semiconductor Startups

0
The funding supports critical needs like software, training, and IP protection, boosting the U.S. microelectronics ecosystem and global competitiveness. The Northeast Microelectronics Coalition (NEMC) Hub...

India May Revise EV Policy Following Trade Talks

0
With major policy changes hinging on the outcome of trade negotiations, India may slash import duties and ease investment rules to attract global EV...

Samsung, Micron Exit DDR4, Taiwan Steps In

0
DDR4 era ending? Samsung and Micron cut output, followed by SK Hynix. Taiwanese firms are gaining momentum as DDR5 and HBM take centre stage...

Suzlon Lands 378MW Wind Deal With NTPC Green Energy

0
Powering India’s green goals in Karnataka, Suzlon clinches 378MW wind deal with NTPC Green Energy, boosting their clean power partnership to 1.54GW. Wind turbine...

Learn From Leaders

Dr Venkatesh Vadde, Co-founder and CEO, Sensio Enterprises

“We Are One Of The Very Few—Perhaps Two Or Three—Companies Globally That Are Actually...

0
A decade ago, smartwatches were unknown. But now, the still nascent wearable market is talking about smart rings for health monitoring! What does Bengaluru’s...
Agalya Kondappan, Managing Director, Glonix Electronics Private Limited

“By Procuring Components In One Lot And Fabricating The Boards At Once, Clients Can...

0
Calling themselves a comprehensive solution provider, how is a company ensuring component authenticity, managing pricing, fabricating and assembling, then offering cost-effective bulk solutions? Agalya...
Kiran M S, Founder and Managing Director, Indus Technologies

“We Collaborate Directly With Customers Due To Ongoing Market Volatility To Create More Realistic,...

0
Can volatile supply chains be tackled without traditional forecasting tools? With 15 years in the industry, Kiran M S of Indus Technologies tells EFY’s...
Avesh Memon, Founder and CEO, Rilox EV Private Limited

“There Should Be Additional PLI Schemes For SMEs”- Avesh Memon, Rilox EV

0
As electric logistics gain momentum, key roadblocks remain. Avesh Memon of Rilox EV breaks down how limited charging infrastructure, high EV costs, and battery...

“We Aim To Make Every Garage In India EV-Ready” – Shubham Mishra of BatteryOK...

0
How Battery diagnostics in electric vehicles can be upgraded leveraging artificial intelligence? Shubham Mishra of BatteryOK Technologies, shares these insights with EFY’s Aryaman Raghuvanshi...

Startups

Dr Venkatesh Vadde, Co-founder and CEO, Sensio Enterprises

“We Are One Of The Very Few—Perhaps Two Or Three—Companies Globally That Are Actually...

0
A decade ago, smartwatches were unknown. But now, the still nascent wearable market is talking about smart rings for health monitoring! What does Bengaluru’s...

Inside BluSmart’s Stunning Fall After SEBI Crackdown Turns Green Ride Red

0
Once India’s EV poster child, BluSmart has halted services after SEBI exposed massive fund misuse, unravelling a cautionary tale of ambition, misgovernance, and lost...

IG Drones Reports 330% Revenue Growth In FY25, Eyes ₹1B Target

0
Soaring with 330% revenue growth in FY25, startup IG Drones eyes ₹1 billion in FY26, backed by booming demand, new drones, and global expansion...

Plugzmart’s Indigenous EV Fast Charger Gets ARAI Approval

0
Powering heavy-duty vehicles in 20 minutes while backing India’s push for tech self-reliance, Plugzmart’s fully homegrown 240kW EV fast charger earns ARAI nod. Plugzmart,...

Ather Energy Mulls $50 Million IPO Cut

0
Due to market volatility, Ather Energy may trim its $400 million IPO by $50 million but plans to proceed with the offering in the...