Harnessing Solar Power in Bihar with PM KUSUM Yojna (Part-C): Your Guide to 1MW Solar Projects
Bihar is taking giant strides toward a greener future, and the PM KUSUM Yojna (Part-C) is a shining example of this transformation. This initiative not only promotes renewable energy but also offers lucrative opportunities for farmers, cooperatives, and businesses to invest in solar power. If you’re considering applying for a 1MW solar project under this scheme, this blog will guide you through the process, eligibility criteria, and benefits.
What is PM KUSUM Yojna (Part-C)?
The PM KUSUM Yojna (Part-C) aims to solarize agricultural and mixed feeders across India. In Bihar, this scheme empowers stakeholders to set up decentralized solar power plants within 5 km of substations, directly benefiting agriculture and rural energy needs. The energy generated is purchased by DISCOMs through a Power Purchase Agreement (PPA) valid for 25 years, offering financial stability and environmental benefits.
Key Highlights of the Scheme in Bihar
- Attractive Power Purchase Rate:
- Bihar offers a fixed PPA rate of ₹3.48/kWh, the highest among all states under this scheme.
- The rate is locked for 25 years, ensuring stable revenue despite future tariff changes.
- Financial Assistance:
- Central Government Subsidy: ₹1.05 crore/MW.
- Bihar State Subsidy: ₹0.45 crore/MW.
- Total Financial Support: ₹1.5 crore/MW.
- Investment Breakdown:
- Total project cost: ₹5 crore/MW.
- Net cost after subsidy: ₹3.5 crore/MW.
- Loan options: 70% of the project cost can be financed by banks.
- Revenue Potential:
- With an annual generation of 16,64,400 kWh (at 19% CUF), the project can generate ₹58 lakhs/year in revenue.
- Land Requirement:
- Around 4 acres per MW.
- The land must be within 5 km of the designated substation.
Eligibility to Apply
This scheme welcomes a diverse range of applicants:
- Farmers or Farmer Groups:
- Individual farmers.
- Farmer Producer Organizations (FPOs), Self-Help Groups (SHGs), and Cooperatives.
- Panchayats and Local Bodies:
- Panchayati Raj Institutions and Water User Associations.
- Businesses and Partnerships:
- Companies (registered under the Companies Act).
- Limited Liability Partnerships (LLPs).
- Registered partnerships.
- Consortiums:
- A group of up to three entities can collaborate to apply.
Application Process
- Registration:
- Visit the Bihar E-Procurement Portal to register.
- Required documents:
- PAN Card.
- Digital Signature Certificate (DSC).
- Contact details (email ID and phone number).
- Tender Fee Payment:
- Processing Fee: ₹590.
- Tender Fee: ₹11,800.
- Earnest Money Deposit (EMD): ₹1,00,000/MW (via Demand Draft or Bank Guarantee).
- Land Documentation:
- Proof of ownership or lease agreement for the identified land.
- Submission:
- Upload documents on the e-procurement portal.
- Physical submission of certain documents may be required, as specified in the tender guidelines.
- Deadlines:
- Application deadline: 8th January 2025.
- Project completion: Within 12 months of award.
Why Invest in a 1MW Solar Project under PM KUSUM Yojna?
- Long-Term Revenue Stability:
- The fixed PPA rate of ₹3.48/kWh ensures predictable income over 25 years.
- Government Support:
- Generous subsidies reduce initial capital investment.
- Sustainability:
- Contribute to Bihar’s renewable energy goals and reduce carbon emissions.
- Scalable Opportunity:
- Suitable for farmers, cooperatives, and businesses looking to diversify income streams.
How SolarLogix Can Help
At SolarLogix, we specialize in end-to-end solar solutions, making us the ideal partner for your PM KUSUM Yojna project. Here’s what we offer:
- Consultation and Feasibility Studies: Assessing land suitability, financial viability, and technical requirements.
- Project Execution: From design to installation, including grid connectivity and compliance with tender norms.
- Loan and Subsidy Assistance: Guiding you through financing options and subsidy claims.
- After-Sales Support: Comprehensive maintenance packages to ensure optimal performance.
Conclusion
The PM KUSUM Yojna (Part-C) is a golden opportunity to invest in renewable energy while ensuring steady returns. With attractive subsidies, fixed tariffs, and minimal financial risks, this scheme is perfect for farmers, cooperatives, and businesses in Bihar. Don’t miss the chance to power your future with solar energy.
Contact SolarLogix today to kickstart your journey toward a sustainable tomorrow. Let’s harness the Power of the Sun together!
Visit: www.solarlogix.in
Email: info@solarlogix.in
Phone: +91-8653 00 5343
