The PLI (Production Linked Incentive) scheme for solar power equipment, worth Rs 19,500 crore, is likely to be broken into two or three buckets to accommodate enterprises at varying stages of indigenous module production.
According to a senior government official, the scheme could be altered as a result of power and renewable energy minister R K Singh’s recent meeting with the industry. “We can divide the PLI into distinct buckets for manufacturing polysilicon-to-modules, wafers-to-modules, and cells-to-modules. This will encourage the production of all components and expand the number of participants” the official further added.
Polysilicon, wafers, cells, and modules are the four steps of module production. There is no polysilicon or wafer production capability in India’s existing 15 Gw production capacity.
The scheme’s pilot phase, with a budgetary allocation of Rs 4,500 crore, was designed to encourage process integration and was awarded to three companies – Reliance New Energy, Shirdi Sai Electricals, and Jindal India Solar – that committed to polysilicon module manufacture.
The industry urged dilution of local value addition and efficiency criteria during the meeting. It has requested that the government introduce the two clauses in stages.
To be qualified for the scheme, the ministry of new and renewable energy proposed a minimum of 90% local value addition and 22% module performance, according to the concept note.
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Resource: Economic Times
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