NVVN is the nodal agency for the implementation of the first phase of the programme. Of this, Reliance Power, Lanco and KVK Energy will develop 100 MW capacity each. Megha Engineering, Godavari Power and Corporate Ispat will build Concentrating Solar Power plants of 50 MW each. The balance capacity will be developed by Arum Renewables.
NVVN is expected to issue Letter of Intent (LoI) to selected bidders by December end. Power purchase agreements (PPAs) should be signed by February. Developers are required to achieve financial closure for allocated projects within six months. Projects have to be commissioned within two years from the date of financial closure.