With a looming deadline of January 9 next year, many of the 5 MW capacity solar photovoltaic (or PV) projects taken up under the Jawaharlal Nehru National Solar Mission seem set to miss the deadline unless they pick up their pace. Twenty-eight PV projects were to be set up under the mission in a year’s time from the date of signing the power purchase agreements.
K S Popli, director technical of India Renewable Energy Development Agency (IREDA) says that “10 to 12 projects seem to be on track”. Around four projects may meet the deadline with some extra efforts. He however added that “about 12 of the PV projects would most likely miss their deadline”.
What National Solar Mission – Batch 1 Guidelines (2010) delay clause states
In case of Solar PV, the project shall be commissioned within 12 months of the date of signing of power purchase agreement (PPA). In case of failure to achieve this milestone, NTPC Vidyut Vyapar Nigam (NVVN) shall encash the Performance Guarantee* in the following manner:
a. Delay upto one month - NVVN will encash 20 per cent of the total Performance Bank Guarantee.
b. Delay of more than one month and up to two months - NVVN will encash 40 per cent of the total Performance Bank Guarantee.
c. Delay of more than two month and up to three months - NVVN will encash the remaining Performance Bank Guarantee.
In case the commissioning of project is delayed beyond three months, the Project Developer shall pay to NVVN the Liquidated Damages at rate of Rs 1,00,000/MW per day of delay for the delay in such commissioning. The maximum time period allowed for commissioning of the Project with encashment of Performance Bank Guarantee and payment of Liquidated Damages shall be limited to 18 months from the date of signing of PPA.
In case, the Commissioning of the Project is delayed beyond 18 months from the date of signing of PPA, the PPA will be terminated and the Project shall be removed from the list of selected Projects
Source: National Solar Mission Guidelines 2010
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Migration projects