IREDA invites bids from module manufacturers under Rs 4,500-crore Solar PLI scheme

New Delhi: Indian Renewable Energy Development Agency Limited (IREDA), a PSU under the Ministry of New & Renewable Energy (MNRE), announced on Friday that it has invited bids from solar module manufacturers for setting up solar manufacturing units under the Central government’s Rs 4,500-crore Production Linked Incentive (PLI) scheme. The MNRE has appointed IREDA as the implementing agency for the scheme. The Union Cabinet had earlier approved a Rs 4,500-crore PLI scheme to boost domestic manufacturing of solar PV modules.

According to an official statement from IREDA, the last date for submitting the application is June 30 and the selection process for the successful bidders is to be completed by July 30. IREDA had floated the invitation for the application document on May 25 on its website and the electronic application process went live on May 31.

"The applicants are required to set up either the brownfield or greenfield manufacturing facility for the entire capacity allotted under the scheme. Applicants are not allowed to set up a mix of brownfield and greenfield facility under the scheme. The manufacturing capacity/unit, for which required capital goods have been imported before the last date of bid submission, will not be eligible for participation under this PLI scheme. The minimum capacity of the manufacturing unit to be installed shall be 1,000 Megawatt. The PLI will be disbursed to the successful applicants annually for a period of five years," the PSU said in a press release.


1. IREDA's massive growth reflects team work & Power Ministry's guidance: CMD PK Das

2. IREDA FY21 results: IREDA net profit goes up by 61%

The solar capacity addition presently depends largely upon imported solar PV cells and modules as the domestic industry has limited operational capacities of solar PV cells and modules. The National PLI Programme on High-Efficiency Solar PV Modules will reduce import dependence in the strategic electricity sector and reinforce the Atmanirbhar Bharat initiative, said IREDA.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)