MNRE Issues Draft Guidelines for PSM and CFA under RESCO and ULA models of PM-Surya Ghar Scheme
The Ministry of New and Renewable Energy has issued draft guidelines for the Payment Security Mechanism and Central Financial Assistance under the RESCO and Utility Led Aggregation models of the PM-Surya Ghar Muft Bijli Yojana. The last date for sending comments/suggestions is September 17, 2024.
September 09, 2024. By EI News Network
The objective behind these guidelines is to establish the implementation mechanism for supporting installations through RESCO and ULA models for rooftop solar for eligible consumer categories. It also aims to establish the method of leveraging payment security mechanisms to ensure timely payments to RESCO developers.
The key idea is to enable DISCOMS/State Governments/State Designated Entities to support rooftop solar development under RESCO and ULA models of deployment.
According to the MNRE notification, the implementation period of the scheme shall be till March 31, 2027.
According to the draft, to be eligible for CFA, residential solar systems must be grid-connected and located on roofs, terraces, or elevated structures. Innovative metering mechanisms like Net Metering and Virtual Net Metering are eligible for CFA. Non-residential segments, including government, commercial, and industrial sectors, are not eligible for CFA under the scheme.
The scheme allows for the integration of additional components like battery storage and solar trackers, but the CFA calculation will be based solely on the solar module capacity. Additionally, solar modules must be domestically manufactured.
The draft proposes the creation of a corpus of INR 100 crores for a Payment Security Mechanism that would be managed and administered by the National Programme Implementation Agency (NPIA).
“ULA proposals from State/UT governments can access the PSM-RTS in order to provide payment security for projects in which RESCO partners have been contracted with, through an open transparent bidding process for tariff discovery. The NPIA shall enter into a bilateral agreement with the State designated entity for timely and regular settlement of RESCO dues,” noted the draft.
This mechanism will provide timely payments to RESCO developers and reduce financial risks, fostering greater investment confidence in solar rooftop projects.
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