A number of incentives are being provided for growth of the renewable energy sector in the country: Union Power & NRE Minister Shri R. K. Singh
Ministry of New and Renewable Energy
Posted On:
20 JUL 2023 6:34PM by PIB Delhi
The Ministry is implementing various schemes and programmes which have provisions of incentives for Renewable Energy deployment. These include:
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- Grid Connected Rooftop Solar PV Power Projects
- Central Public Sector Undertaking (CPSU) Scheme Phase-II (Government Producer Scheme) for grid-connected Solar Photovoltaic (PV) Power Projects by the Government Producers
- PLI Scheme ‘National Programme on High Efficiency Solar PV Modules’
- Solar Park Scheme
- PM-KUSUM scheme
- Green Energy Corridor Scheme
- Biomass Programme
- Waste to Energy Programme
- Biogas Programme
- R&D programme
- National Green Hydrogen Mission
The details of incentives being provided as Central Financial Assistance (CFA) by the Ministry under these schemes/ programmes are given in Annexure.
During the year 2023-24, as on 30.06.2023, a total of 4.48 GW renewable energy capacity has been installed in India. This includes 3.32 GW Solar Power, 1.14 GW Wind Power, 0.01 GW Small Hydro Power, and 0.01 GW Bio-Power.
On the basis of details received from Madhya Pradesh Urja Vikas Nigam Ltd. (MPUVNL), the details of implementation of major projects related to renewable energy in Khargone-Barwani Parliamentary Constituency is as under:-
Bio mass registered projects 1.5 MW at Village-Mendrana, Tehsil-Pansemal, District-Barwani.
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Annexure
Incentives being provided as Central Financial Assistance (CFA) for the implementation of major renewable energy schemes/ programmes.
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Scheme/ Programmes |
Incentive presently eligible as per the Scheme |
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a) Grid Connected Rooftop Solar PV Power Projects |
Incentives up to 10% of project cost depending upon achievements in capacity addition above baseline. Vide its OM dated 27.01.2023, Ministry has fixed the CFA for the entire country. The revised CFA rates would be applicable on all future bids and the bids which are scheduled to be closed after 15 days of issuance of this OM. The revised rates are as follows: For general category States/UTs:
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b) Central Public Sector Undertaking (CPSU) Scheme Phase-II (Government Producer Scheme) for grid-connected Solar Photovoltaic (PV) Power Projects by the Government Producers |
Viability Gap Funding (VGF) support up to Rs 55 lakhs per MW to the CPSUs/Govt. Organizations entities selected through competitive bidding process. |
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c) PLI Scheme ‘National Programme on High Efficiency Solar PV Modules’ |
The beneficiaries are eligible for Production Linked Incentive (PLI) on production and sale of solar PV modules. The quantum of PLI eligible for disbursal depends upon: (i) quantum of sales of solar PV modules; (ii) performance parameters (efficiency and temperature coefficient of maximum power) of solar PV modules sold; and (iii) percentage of local value addition in modules sold. |
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d) Solar Park Scheme |
Up to 25 lakhs per Solar park, for preparation of Detailed Project Report (DPR). 20 Lakh per MW or 30% of the project cost, whichever is lower, for development of infrastructure. |
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e) PM-KUSUM scheme |
Component A: Setting up of 10,000 MW of Decentralized Ground/Stilt Mounted Solar Power Plants Benefit available: Procurement Based Incentive (PBI) to the DISCOMs @ 40 paise/kWh or Rs.6.60 lakhs/MW/year, whichever is lower, for buying solar power under this scheme. The PBI is given to the DISCOMs for a period of five years from the Commercial Operation Date of the plant. Therefore, the total PBI payable to DISCOMs is up to Rs. 33 Lakh per MW. Component B: Installation of 20.00 Lakh Stand-alone Solar Pumps Benefit available: CFA of 30% of the benchmark cost or the tender cost, whichever is lower, of the stand-alone solar agriculture pump is provided. |
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Scheme/ Programmes |
Incentive presently eligible as per the Scheme |
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However, in North Eastern States, Sikkim, Jammu & Kashmir, Ladakh, Himachal Pradesh and Uttarakhand, Lakshadweep and A&N Islands, CFA of 50% of the benchmark cost or the tender cost, whichever is lower, of the stand-alone solar pump is provided. Component C: Solarisation of 15 Lakh Grid Connected Agriculture Pumps including through feeder level solarisation Benefit available:
and Andaman & Nicobar Island, CFA of Rs. 1.75 crore per MW is provided. |
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f) Green Energy Corridor Scheme (for development of intra-state transmission system for RE projects) |
GEC Phase-I: CFA of 40 % of DPR cost or awarded cost whichever is lower. GEC Phase-II: CFA of 33 % of DPR cost or awarded cost whichever is lower. |
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g) Biomass Programme |
(Maximum CFA- Rs. 5.00 Crore per project) |
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h) Waste to Energy Programme |
Note:
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Scheme/ Programmes |
Incentive presently eligible as per the Scheme |
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CFA than Standard CFA pattern given above. These Gaushalas (Shelters) should be registered with the respective State Government. |
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i)Biogas Programme |
The eligible CFA would be 20% higher than Standard CFA in for NER, Island, Registered Gaushalas and SC/ST beneficiaries |
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j) R&D programme |
The Ministry encourages research and technology development proposals in collaboration with the industry and provides upto 100% financial support to Government/non-profit research organizations and upto 50- 70% to Industry, Start-ups, Private Institutes, Entrepreneurs and Manufacturing units. |
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k) National Green Hydrogen Mission |
The SIGHT scheme guidelines under the Mission have been notified for Electrolyser Manufacturing and Mode-I for Green Hydrogen production.
1. SIGHT programme for Electrolyser manufacturing has an allocation of Rs. 4440 crores by 2029-30. The incentives start from Rs. 4440 per kW in the first year and end at Rs. 1480 per kW in the fifth year.
SIGHT programme for Green Hydrogen production (Mode-I) provides incentives for Green Hydrogen production, which are capped at Rs. 50/kg , Rs. 40/kg and Rs. 30/kg for the first, second and third year respectively. |
This information was given by The Union Minister of New Renewable Energy & Power Sh. R. K. Singh in Lok Sabha in a written reply today.
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AM/DP