RENEWABLE ENERGY

MNRE announces guidelines for production-linked incentive scheme

The Ministry of New and Renewable Energy (MNRE) released guidelines for the production-linked incentive (PLI) scheme to promote manufacturing of high efficiency solar PV modules in India.

For this, the Cabinet on 11 November, 2020, had approved and allocated an amount of Rs 4,500 crore to be spent over a period of five years.

According to the official guidelines, the PLI scheme will be implemented by MNRE through Indian Renewable Energy Development Agency (IREDA) as Implementing Agency. While, beneficiaries would be selected through a transparent bidding process.

“Preference will be given to manufacturers who set up higher capacity plants. However, in order to qualify for the bid, the applicant manufacturer will have to undertake to set up a manufacturing plant of minimum 1,000 MW capacity,” the ministry said.

The scheme is also aimed at promoting the setting up of integrated plants for better quality control and competitiveness, to develop an ecosystem for sourcing of local material in solar manufacturing, generate employment, and reducing import dependence.

Source
construction week online
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