The Ministry of New and Renewable Energy (MNRE) has amended the guidelines for the disbursal of National Clean Energy Fund (NCEF) grant for the development of intra-state transmission system under the green energy corridor project in the states of Andhra Pradesh, Himachal Pradesh, Gujarat, Karnataka, Madhya Pradesh, Rajasthan, Maharashtra, and Tamil Nadu.
These amendments are:
- For projects that are under implementation, the first installment of 30 percent of the grant amount will be released by MNRE to the designated implementing agency upon the receipt of report from Central Electricity Authority (CEA) and Public Accounts Committee (PAC).
- The second installment of 40 percent of the grant amount will be released upon 50 percent financial progress of the package and submission of the utilization certificate of the fund provided before.
- The remaining 30 percent of grant amount will be released after successful commissioning and performance testing of the project and receipt of the utilization certificate of the funds provided in the two previous instalments.
Recognizing the need for transmission infrastructure to cope with increasing renewable energy capacity, India is developing the Green Energy Corridor (GEC), a transmission network to connect renewable energy rich states to states that lack renewable energy generation potential.
Saumy is a senior staff reporter with MercomIndia.com covering business and energy news since 2016. Prior to Mercom, Saumy was a copy editor at Thomson Reuters. Saumy earned his Bachelors Degree in Journalism & Mass Communication from the Manipal Institute of Communication at Manipal University. More articles from Saumy Prateek.