2000 MW VGF SCHEME OF NSM PHASE II, BATCH III
- Scheme for Setting up of over 2000 MW Grid connected solar PV Projects with VGF under NSM Phase- II, Batch-III.
- Guidelines issued on dated 04th August 2015. Power purchased by SECI @ Rs.4.43/kWh (PPA) and sold to buying utilities @ Rs.4.50/kWh (PSA).
- Bidding has been carried out amounting to Rs.1515 crore out of the total approved scheme allocation of Rs.2100 crore.
- 2 categories: DCR (250 MW) & Open (1750 MW). Minimum Project Size 10 MW.
- State-specific tenders based on the demand from State. Projects could be set up either in the Solar Parks and or outside the solar park.
- VGF up-to Rs.1.31 crore per MW (DCR) and Rs.1 crore per MW (Open).
- Average bid for VGF under the open category was Rs.63.27 lakh/MW and DCR category was Rs.1.11 crore/MW.
- Total capacity awarded 2155 MW (as on 31.12.2019).
- Total 2295 MW Capacity reported as commissioned in the states of Andhra Pradesh, Chhattisgarh, Karnataka, Maharashtra, and Uttar Pradesh at both solar park and non-solar park locations (as on 31.12.2019).
- Total VGF Disbursement by SECI to SPDs, for the period from 01.01.2019 to 31.12.2019 is Rs. 356.62 Cr.