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MNRE Clears Odisha Dues


In a major sig
h of relief to the State Power Sector, to be specific, the Renewable Energy sector, Department of Energy, Government of Odisha has been able to get clear an outstanding of Hundred & Five Crore Rupees (Rs. 105 crore) from the Ministry of New and Renewable Energy (MNRE), Government of India on 12 May 2020.

This comes as a good news, when the whole State Government Machinery including Department of Energy is battling with the unprecedented outbreak caused by COVID-19 pandemic. 

Nevertheless, with the persistent efforts of Bishnupada Sethi, Principal Secretary, Department of Energy both at SECI and MNRE, the Central Ministry has now made it clear that, the delay in plant execution has been condoned by the ‘Empowered Committee to Remove Difficulties’ constituted by MNRE.

The sole Renewable Energy generation PSU functioning under Department of Energy, i.e. Green Energy Development Corporation of Odisha Ltd. (GEDCOL), was incorporated back in Mar. 2013 and bagged its first Solar Power project (20 MW capacity) under the Jawaharlal Nehru National Solar Mission (JNNSM) Phase-II Batch-I programme of MNRE, implemented through Solar Energy Corporation of India (SECI) in Feb. 2014.

The 160 crore project was executed by BHEL at Manmunda in Boudh District on 2 adjacent land patches of 152 acres taken on lease by GEDCOL from IDCO. The project was commissioned in June 2016, missing the Scheme timelines by two (2) months. Power generated from the power plant is consumed in the State of Odisha through GRIDCO at a power tariff of Rs. 5.45 per kWh. However, owing to the stern Scheme terms, though the Project was technically accepted, but not been favoured with a Commercial Clearance.

This will infuse Rs. 62 crore Energy bill and Rs. 43 crore Government of India subsidy (Viability Gap Funding provided in the Scheme) in GEDCOL, providing the much needed liquidity to the State PSU reeling under severe cash crunch. GEDCOL is also entitled for the full amount of Viability Gap Funding of Rs. 48 crore. The remaining Rs. 5 crore will be released in due course.

With this, the Renewable Energy growth aspirations of GEDCOL would be rejuvenated taking it to newer heights. As of now, GEDCOL has around 300 MW Solar projects in pipeline, which are 19 MW multi-city rooftop solar project on Government buildings, 8 MW ground mounted solar project on surplus land available in different EHV Grid Sub-stations of OPTCL (Baripada, Bolangir & Jayanagar) and Mukhiguda & Manmunda Power Plants of OHPC & GEDCOL and a 275 MW Solar Park to be implemented at Boudh (Kantamal) & Sambalpur (Jujumora) Districts.

GEDCOL is also implementing a 10 MW Small Hydro Electric Power Project at Mandira Dam in Sundargarh District on Joint Venture mode with SAIL.    
 


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