Solar developers seek wider time frame to execute projects
Updated : May 15, 2018 04:40 PM IST
The issue assumes significance in view of government's plan to auction 60 GW of solar projects by March 2020, to meet the target of having 100 GW of solar capacity by 2022.
At present, developers are required to do financial closure or tie-up of fund for the project within seven months from the date of signing power purchase agreement (PPA).
Similarly, the time frame for commissioning the project from date of signing PPA is 13 months for projects of up to 250MW and 15 months for projects above 250 MW capacity.