Under PLI Scheme, IREDA seeks bids for module manufacturing units
IREDA has invited bids for the setting up of solar modules manufacturing units under PLI Scheme. The submission deadline is June 30, 2021
Indian Renewable Energy Development Agency (IREDA) has invited bids under the production-linked incentive (PLI) scheme for setting-up of high-efficiency solar photovoltaic (PV) modules manufacturing capacities.
The Cabinet approved the PLI Plan for ten critical industries on November 11, 2020, in order to make India self-sufficient. One of these industries was high-efficiency solar modules, for which the scheme’s five-year budgetary outlay was set at INR 4,500 crore.
Submission Deadline & EMD:
As per the document, the bids application submission deadline is 30 June 2021. The bids will open the next day on 1 July 2021.
Tender Details & Specifications:
The document specified that for the entire capacity allotted under the scheme, the applicants shall only be eligible to set up either a brownfield or greenfield manufacturing facility. The document clearly states that the applicants shall not be allowed to set up a mix of both kinds of facilities.
Applicants must submit a response that includes yearly PLI values based on predicted solar PV module sales in megawatts, a base case PLI for which their product is eligible, estimated local value addition, and a tapering factor as specified in the scheme guidelines.
Manufacturers establishing any solar PV technology-based production facilities would be eligible for the incentive assistance, according to the document, if the capacities they establish meet the minimum level of cell and module integration, minimum manufacturing capacity requirements, and minimum threshold module performance parameters of module efficiency, as defined by the government.
After IREDA issues a Letter of Award (LoA), the company may incorporate a special purpose vehicle (SPV) to build up the production plant. However, such an SPV must be constituted within 90 days of the LoA being issued.
However, if the construction of the SPV takes longer than 90 days, the LoA will be revoked, and capacity will be distributed to organizations on the waiting list, according to IREDA.
Eligibility Requirements
According to the bid document, selected bidders would be required to submit a performance bank guarantee for cell and module manufacturing capacity of INR 45,000 per MW, whereas INR 70,000 per MW for ingot-wafer, cell, and module manufacturing capacity, and INR 110,000 per MW for poly-silicon, ingot-wafer, cell, and module manufacturing capacity.
All of the scheme’s terms and conditions, as outlined in the “MNRE PLI Scheme” document, would apply to the selection of bidders.
