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Govt extends deadline for power manufacturing zone bids

Govt extends deadline for power manufacturing zone bids

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NEW DELHI : Centre has prolonged the deadline for submission of bids for placing up a manufacturing zone for energy and new and renewable electricity on a pilot foundation, till July 11.

The former deadline for submission of bids was June 26. In a statement, the ministry of ability said that the extension has been presented following requests from some states.

“Some states have requested to extend the EoI submission timeline outside of 26th June 2022. Thinking of their requests, it has been decided to lengthen EoI submision timeline by 15 days, i.e. up to 11th July 2022,” explained the notification dated June 24.

The ministry initial declared the invitation for EoIs in April just after the Union Spending budget announced a scheme beneath the Atmanirbhar Bharat offer for placing up a few manufacturing zones for crucial ability and renewable electrical power tools.

The ministry had previously issued orders conveying implementation of a scheme for location up a manufacturing zone for electric power and renewable sector on a pilot basis with a budgetary outlay of 400 crore around a period of 5 several years.

In the extensive operate, the system to set up 3 manufacturing zones would entail a whole monetary outlay of 1,000 crore and the plan would be in effect for five many years, from FY 2022-23 to FY 2026-27. 

The bidders can be condition governing administration or condition govt entities which can post their proposal in partnership with the state federal government. A private entity or central public sector enterprise can also submit a proposal, but they would have to companion with the state government for the bid. The personal entity or CPSU and a point out federal government agency could formulate a joint venture corporation whereby point out ought to hold minimum amount 26% fairness, in accordance to the EoI document.

The transfer to established up devoted producing zones is aimed at cutting down imports of Chinese gear and attracting private investments throughout electrical power era, distribution, and transmission in eco-friendly and typical electricity areas as electrical power is a strategically critical sector.

Mint experienced noted on the strategies to set up these zones, a single each individual in a coastal condition, a hill condition and a land-locked condition, by giving incentives this kind of as land and electricity at attractive costs. The federal government has drawn up a list of products that it would like to be manufactured in these zones.

India imported $2.16 billion really worth of photo voltaic photovoltaic (PV) cells, panels, and modules in 2018-19. Out of the 71,000 crore spent on regular electrical power devices imports, Chinese merchandise accounted for nearly 1-3rd or all around 20,000 crore. Centre is hunting at enabling the production of all electrical power sector products in India in the subsequent handful of a long time.

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