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Govt. Invites Bids to Develop Renewable Energy & Power Manufacturing Zones

Government of India has floated a tender for developing manufacturing zones for Power and Renewable Energy Sectors with a Rs. 400 crore outlay.

The last date for interested parties to submit an Expression of Interest (EoI) is 8th June 2022. This scheme has been planned for five years from FY-23 to FY-27. The EoIs will be vetted on the basis of land encumbrances, proximity to ports, competitive electricity and water tariffs. Preference will be given to proposals for zones spread over more than 150 acres. Funding for the accepted proposals shall be kept flexible and will be released by the Union Government in four instalments. Three instalments will be each of 30% of the total amount, while the fourth will comprise the remaining 10% funding.

Under this scheme, state governments shall be responsible for providing dispute-free land to the winning bidder.