SECI, NTPC and NHPC to look at caught photo voltaic tasks for time extension on case to case-basis

NEW DELHI : The union ministry of recent and renewable power (MNRE) has stated that the extension of timeline for caught photo voltaic tasks could be granted just for these tasks the place the developer has taken steps to finish the challenge however the delay was past the developer’s management.

In a letter to the renewable power implementing businesses (REIA) together with the Photo voltaic Vitality Company of India, NTPC and NHPC, the ministry stated that in circumstances the place the developer has taken no step to implement the challenge for the reason that awarding of the challenge the extension wouldn’t be supplied and the challenge could be cancelled.

In January, MNRE stated that the photo voltaic and solar-wind hybrid tasks for which bids have been finalized earlier than the 40% fundamental customs obligation on photo voltaic modules was introduced on March 9, 2021 and whose scheduled commissioning date (SCD) is earlier than March 31, 2024, could also be given time for completion as much as March 31, 2024.

SECI, NTPC and NHPC will look at on a case to case-basis, the requests for extension of the scheduled commissioning date (SCD) and “shall grant time-extensions in solely such circumstances the place the developer has diligently taken steps to finish the challenge, however has not been capable of full the challenge for causes past his management”.

“The place the developer has taken no steps to implement the challenge however is merely sitting on the award, such tasks shall not qualify for extension; and consequence of cancellation of challenge will comply with,” the ministry tole the implementing businesses.

The builders must reply questions concerning land acquisition and inserting of order for modules, amongst others, whereas the implementing company confirm their requests for extension.

Centre had determined to permit extension of the timeline for completion of tasks for which bids have been finalized earlier than the announcement of the essential customs obligation on modules in a bid to offer reduction to caught solar energy tasks amid module scarcity.

On 9 March, 2021, Centre introduced that from 1 April, 2022 any import of photo voltaic PV modules would entice fundamental customs obligation (BCD) of 40% and import of photo voltaic PV cells would entice BCD of 25%.

The ministry granted an extension of timeline till September 2024 for solar energy tasks beneath the second section of the Central Public Sector Endeavor (CPSU) programme.

The excessive duties have been imposed in a bid to curb cheaper imports from China and increase home provides. Authorities has additionally provide you with manufacturing linked incentive scheme to encourage the home photo voltaic module business.

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Up to date: 02 Might 2023, 09:19 PM IST