The pending list of 15 solar manufacturers who participated in the initial bidding for production linked incentives (PLI) scheme for solar, is expected to be cleared in the next two months’ time, a senior official told FE.
In December 2021, the ministry of new and renewable energy (MNRE) through its implementation agency, IREDA, shortlisted three companies — Reliance New Energy Solar, Shirdi Sai Electricals, and Adani Infrastructure — with a commitment to set up 12 GW capacity against an initial allocation of Rs 4,500 crore under the PLI scheme. The remaining 15 participants with a total commitment to set up 40 GW capacity were kept on a waiting list with promise to utilise their services once additional allocation comes to the scheme.
Finance minister Nirmala Sitharaman on February 1 announced the allocation of an additional Rs 19,500 crore under the scheme to accommodate the remaining manufacturers.
“The proposal will be taken to the Cabinet for approval soon, after that, the letter of award will be issued to the manufacturers in the bucket list. It will take around two months time to award the letters to all the remaining bidders,” the official said.
Other companies in the fray include: Tata Power Solar, Waaree Energies, Vikram Solar, FS India Solar, Premier Energies, Emvee, Larsen &Toubro, Megha Engineering, ReNew Solar, Avaada & Acme.
According to industry officials, stakeholders are expecting IREDA, to expedite and issue letters of award to balance 15 companies as many of these have already acquired land and some have even done the land development work. Many players have done the basic construction in anticipation of the award pending for the last three months.
Source: Financial Express