Funding for 14 MW Of Rooftop PV In Assam

Assam Energy Development Agency Invites Residential, Institutional & Social Sector To Apply For 70% Subsidies On 14 MW Rooftop PV
06:45 AM (Beijing Time) - 19. February 2018

Key Takeaways

  • Assam Energy Development Agency (AEDA) has invited applications from the residential, social and institutional sectors for 14 MW of rooftop PV capacity
  • Financial assistance of 70%  available from the central government
  • The capacity can be set up either under CAPEX or RESCO modes
  • Under the RESCO mode, electricity tariffs will be 3.43 INR ($0.05) per kWh

The Indian state of Assam has invited applications for central financial assistance (CFA) for 14 MW of rooftop PV capacity. The Assam Energy Development Agency (AEDA) in the northeastern state is implementing the program based on national Ministry of New and Renewable Energy (MNRE) guidelines.

Applicants from the residential, institutional and social sectors are eligible for subsidies of 70% on grid-connected solar rooftop projects. Applicants opting for capital expenditure (CAPEX) support can use the funding to reduce the payment required per kWh, while winning bidders set up as renewable energy service companies (RESCO) will pay a tariff of 3.43 INR ($0.05) per kWh to the electricity generator for 25 years.  

For both modes, AEDA has provided a list of its eligible vendors. Details are available on its website.

A week ago, the Solar Energy Corporation of India Ltd. (SECI) issued a request for selection documents for the 70 MW Amguri Solar Park in Assam on behalf of Assam Power Generation Corp. Ltd. (see 70 MW Tender For Assam). In January 2017, REC Power Distribution Company Ltd. invited bids to develop 10 MW of rooftop PV capacity under the CAPEX model for Assam Power Distribution Ltd. (see 10 MW Rooftop Solar Tender For Assam).

 

Anu Bhambhani

Anu Bhambhani is the News Editor of TaiyangNews

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Anu Bhambhani