The Indian Renewable Energy Development Agency has launched a tender, inviting state-owned power generation companies to develop 5 GW of grid-connected solar power projects under the third tranche of phase II of the Central Public Sector Undertaking (CPSU) scheme. The solar projects will be developed across India on a build, own, operate (BOO) basis, and can be rooftop, ground-mounted or floating. Their power generation will be used by government entities or sold to distribution companies for up to INR2.2/kWh (US$3c/kWh). Under the CPSU scheme, projects are eligible to a INR7m/MW (US$0.1m/MW) viability gap funding (VGF) to help them become commercially viable
Meanwhile, the state-owned Power Grid Corporation of India (PGCIL) has been awarded two power transmission projects in Rajasthan under a tariff-based competitive bidding process. PGCIL will develop a transmission system including 765 kV and 400 kV DC transmissions lines and substations to evacuate up to 8.1 GW of power generation from solar zones in Rajasthan. The projects will be carried out on a build, own operate and maintain (BOOM) basis.
Finally, the Ministry of Power and New and Renewable Energy of Maharashtra aims to implement 17,000 MW of renewable power projects in the next 5 years and to attract INR 750bn (US$10.3bn) in investments from the public and private sectors. The state aims to reach 40% of renewable power generation by 2030.
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