Home » Govt extends transmission cost waiver for photo voltaic initiatives dealing with delays
Govt extends transmission cost waiver for photo voltaic initiatives dealing with delays
January 19, 2021
At current, as a lot as 13,816 MW photo voltaic crops are being constructed by means of auctions carried out by the Centre.
In a bid to supply aid to renewable energy producers dealing with delays in mission commissioning resulting from causes past their management, the federal government has allowed photo voltaic and wind-based era initiatives to avail transmission cost waivers even when they fail to arrange their crops inside June 30, 2023 — the deadline set for initiatives to obtain the profit.
The transfer is seen to profit about 6,000 MW of photo voltaic initiatives which can be presently dealing with delays in building resulting from points equivalent to land availability, insufficient transmission capability and provide disruptions resulting from Covid. At current, as a lot as 13,816 MW photo voltaic crops are being constructed by means of auctions carried out by the Centre.
Through its newest order issued on Tuesday, the Union energy ministry mentioned that “any renewable power project which is eligible for waiver of inter-state transmission charges and is having its scheduled date of commissioning on or before June 30, 2023, is granted extension of time from the commissioning on account of force majeure or for delay on the part of the transmission provider in providing the transmission even after having taken the requisite steps in time; or on account of delays on the part of any government agency, and the power plant is commissioned before the extended date; it will get benefit of waiver of inter-state transmission charges on the transmission of electricity generated by the power plant”.
Transmission costs add about Rs 0.20–0.50 per unit to each unit of thermal energy. The coverage of waiving this cost for renewables was designed to make photo voltaic and wind extra engaging for cash-strapped discoms. As FE not too long ago reported, photo voltaic initiatives with mixed capability of 18,000 MW are dealing with grim prospects with the state-run discoms creating chilly toes on shopping for energy from them, as tariffs found underneath subsequent auctions have fallen to the report low of Rs 1.99/unit, buoyed by decrease rates of interest, falling photo voltaic panel costs, improved know-how and guaranteed buy of energy.