Solar PLI Outlay to Be Worth Rs 16,500 Crore

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Solar capacity addition presently depends largely upon imported solar PV cells and modules as the domestic manufacturing industry has limited operational annual capacities

The outlay of the Solar PLI scheme might soon be increased to Rs 19,500 crore. This scheme was initially approved with an outlay of Rs 4,500 crore.

The decision may have been taken during a meeting chaired by NITI Aayog CEO Amitabh Kant. It was attended by senior officials and possibly ministers from all the agencies involved in the scheme. Financial Express, in a report mentions that it has seen the minutes of the meeting.

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The bidders, for the scheme, have proposed to undertake integrated manufacturing of Polysilicon to 4,000 Mw capacity solar modules. A total of 16 bidders, as per The Indian Renewable Energy Development Agency (IREDA), have qualified for the scheme.

Jindal India is seeking the lowest incentive figures under scheme. The group is seeking incentives as low as approximately Rs 1,390 crore. Adani Group’s solar arm, on the other hand, has emerged as the L4 bidders with a bid of approximately Rs 3,600 crore for the same PLI.

Similarly Shirdi Sai Electricals have made a bid of Rs 1,875 crore, whereas Reliance Industries solar arm has bid Rs 1,917 crore. The bidders have proposed to undertake integrated manufacturing of polysilicon to 4,000 Mw capacity solar modules. It is worth mentioning here that India currently has no wafer production facility.

Solar capacity addition presently depends largely upon imported solar PV cells and modules as the domestic manufacturing industry has limited operational annual capacities of around 2,500 MW for solar PV cells and 9,000-10,000 MW for solar PV modules.

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Mukul Yudhveer Singh
Mukul Yudhveer Singh
Mukul Yudhveer Singh is an Editor at EFY. He’s an experienced business journalist who is both an enthusiast and a cynic of technology. Believes in data, as well as hunch-based journalism. He defines journalism as- reporting facts which help the audience take their own decisions, not ones that influence them!

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