solar power
Based on above, the estimated cost (Rs. • If the state is not willing to buy at least
in Crores) has been worked as under: 50% of the power generated in the solar
(i) Cost of 20,000 MW @ Rs.20 Lakh/MW park, then CTU may be entrusted with
—- 4000.00 INR crores the responsibility of setting up 400 KV or
(ii)
1% fund handling fee for SECI on bigger sub-station right next to the solar
above amount —- 40.00 INR crores park and its connectivity with the CTU.
(iii) Cost of DPR preparation etc. for 25 • For setting up of this transmission &
Solar Parks evacuation infrastructure, Power Grid
@ Rs. 25 Lakh each park—- 6.25 INR may prepare a separate project to be
crores funded from NCEF / external funds /
(iv) Training, consultancy & other related Green Corridor project, if the cost is
Expenditure — 3.75 INR crores (to be very high.
incurred by MNRE, SECI, implement- • The system is to be planned in such a
The implementing agency may put in ing agency) manner so that there is no wheeling
some of its own equity and can raise loans, The total being 4050.00 INR crores charge applicable on solar power in
depending on the availability of funds and accordance with the CERC Regulation
requirement. The subsidy of MNRE under Transmission and Evacuation of power or reduce the wheeling charges to af-
the scheme would bring down the cost of • Interconnection of each plot with pool- fordable level.
the project to that extent. The SPV will also ing stations through 66 KV /other suit-
create a small corpus for working capital able voltage underground or overhead Power Sale Arrangement
to ensure upkeep and maintenance in the cable will be the responsibility of the Acceptance for development of solar park
future, which may be supplemented with solar project developer under the Scheme does not guarantee
some annual charges. • The designated nodal agency will set power purchase agreement (PPA) or tariff
up the pooling stations (with 400/220, for the power to be produced
Support from MNRE 220/66 KV or as may be suitable The project developers need to have their
The State Government will first nominate switchyard and respective transform- own arrangement for a PPA or get selected
the implementing agency for the solar park ers) inside the solar park and will also in any Government of India or State Gov-
and also identify the land for the proposed draw transmission to transmit power ernment Scheme. The developer will be
solar park. It then has to send a proposal to 220 KV/400 KV sub-station free to set up projects under any scheme
to MNRE for approval. The implementing • The responsibility of setting up a sub- or for third party sale.
agency may be sanctioned a grant of upto station nearby the solar park to take
Rs.25 Lakhs for preparing Detailed Project power from one or more pooling sta- Loan
Report (DPR) of the Solar Park, conducting tions will lie with the Central Transmis- MNRE will also put in efforts to tie up with
surveys etc. sion Utility (CTU) or the State Transmis- multilateral/ bilateral funding agencies to fi-
Thereafter, application may be made by sion Utility (STU) nance the entire or a part of the cost of the
the implementing agency to SECI for the • If the State Government is willing to solar parks. The MNRE grant will be treated
grant of up to Rs.20 lakhs/MW or 30% of buy over 50% of the power generated as the implementing agencies’ contribution
the project cost including Grid-connectivi- in the solar park, preference will be giv- to get this loan. The loan tenure and the
ty cost, whichever is lower. The approved en to STU, which will ensure setting up moratorium period will be set in accordance
grant will be released by SECI as per the of sub-station and development of nec- with the banks’ terms and conditions while
milestones marked in table 1. essary infrastructure for transmission of the annual interest will be set in accordance
The grant will be managed and released power from substation to load centres with banks’ LIBOR-based lending facility.
by SECI on behalf of MNRE for which SECI • The designated implementing agency
will be given a fund handling fee of 1%. will intimate POWERGRID and CEA at Hybrid Projects & Manufacturing
If the park is developed in phases, grant least 6 months before so that the plan- Some other forms of renewable energy
will also be phased out in proportion to ex- ning and execution can be carried out like wind, biomass etc. may also be al-
penditure in each phase. in time lowed to come up in the park wherever
feasible. Projects with CSP technology may
in these parks have upto 15% of auxiliary
Milestone Timeline fuel of gas or biomass.
Date of issue of administrative approval Zero Date Manufacturing of solar products and com-
Land acquisition and Financial Closure 6 months from zero date
ponents may also be allowed in the parks.
Construction of Pooling Substation, Land Development and other Common
15 months from zero date
facilities as per DPR
Transmission line and Grid Connectivity 18 months from zero date Timelines
Final instalment on completion 18 months from zero date Scheduled timelines for setting up of Solar
Table 2. Power Park is as in table 2 7
energetica india · JAN|FEB15 7
