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Solar plant in India. Source: NTPC. License: All rights reserved.
August 5 (Renewables Now) - The Solar Energy Corporation of India (SECI) is seeking to award viability gap funding (VGF) for up to 1.5 GW of solar projects across the country in a new tender under the Central Public Sector Undertaking (CPSU) Scheme.
SECI has set August 23 as the deadline for submissions in the request for selection (RfS) stage of the tender.
The projects competing for support have to supply all their power for use by the government or government entities. The minimum capacity to be allowed is of 1 MW. Different solar photovoltaic (PV) technologies can be used. The maximum VGF amount that one can bid for is INR 7 million (USD 99 760/EUR 89,600) per MW.
The tender comes under Phase II of the CPSU scheme, which targets 12 GW of solar capacity built between now and 2023.
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