Ease of Doing Business

Ease of Doing Business 24

In a move that might provide some relief to solar power plant developers, the government has relaxed time lines for land acquisition, financial closure and the commissioning period for solar projects. For forthcoming projects, land acquisition documents would now have to be submitted within 12 months from signing power purchase agreement (PPA), instead of seven months mandated in the August 2017 guidelines. Similarly, the proof of financial closure and funding arrangements made for developing the power plant can now be provided after 12 months, instead of the seven months stipulated earlier.