Oil India To Set Up 100 MW Of Solar Projects Under CPSU Program

In Clean News, News, Renewable Energy, Solar

Oil India Limited (OIL), a Navaratna enterprise, has invited prospective bidders to develop 100 MW (AC) of solar project capacity anywhere in India.

The projects will be tendered under the second phase of the central government’s CPSU program.

The CPSU program was proposed by the Ministry of New & Renewable Energy (MNRE). Under this, the government producers will get four years: 2019-2020 to 2022-23, to set up 12,000 MW of solar power projects across the country.

Under the program, the usage charges should not exceed ₹3.50 (~$0.050)/kWh and will be exclusive of any other third-party charge such as wheeling, transmission charges and losses, and the likes.

Recently, the President of India accorded his approval to implement phase-II of the CPSU program to set up 12,000 MW of grid-connected solar power projects for self-use or use by government entities.

OIL has asked the interested solar power developers, manufacturers, and EPC contractors to submit their intent on or before August 13, 2019.

Along with the development of these solar projects, the successful bidder will also be responsible for comprehensive operation and maintenance services for 25 years.

According to OIL’s portfolio, it has established a total of 174.1 MW of wind power projects distributed over the states of Rajasthan, Gujarat, and Madhya Pradesh.

It has also established two solar power projects of capacity 14 MW in Jaisalmer, Rajasthan. To date, a total of 188.1 MW of renewable energy projects are under OIL’s portfolio.

This is a Syndicate News-Feed

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