RENEWABLE ENERGY

IREDA extends bid submission deadline for 12 GW solar projects to 15 June

State-run Indian Renewable Energy Development Agency Ltd. (IREDA) has extended the bid submission deadline for setting up 12-gigawatt (GW) of solar power projects t 15 June.

This comes in the backdrop of the union government extending the deadline for completion of green energy projects, due to difficulties arising from the second wave of coronavirus pandemic raging across India.

“The CPSUs are required to submit their responses by 15th June 2021 and the successful bidders are to be selected by 20th July. Earlier, MNRE had appointed IREDA as the implementing Agency for the scheme,” MNRE said in a statement on Monday.

These solar projects also have a viability gap funding (VGF) component. VGF is at the centre of India’s infrastructure-creation plans through public-private partnerships and will help in meeting India’s infrastructure target by attracting investments from private sector companies.

“Indian Renewable Energy Development Agency Ltd. (IREDA), a PSU under the Ministry of New & Renewable Energy (MNRE) has extended the bid submission date to 15th June for implementation of the Central Public Sector Undertaking (CPSU)

Source
Livemint
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