Govt hands over 12,000 MW CPSU solar scheme to Ireda
The Union government has appointed state-run lender Indian Renewable Energy Agency (Ireda) as the implementing agency for setting up solar power plants by Central Public Sector Undertakings (CPSU). The CPSU scheme, meant to promote domestic solar manufacturing, was being run by the Solar Energy Corporation of India (SECI).
CPSUs have not shown a keen interest in participating in this scheme which aims to set up 12,000 MW of solar capacity by government companies by FY23. The Cabinet has already sanctioned a viability gap funding (VGF) support of Rs 8,580 crore towards this scheme, capped at Rs 70 lakh per MW.
