According to reports, India will call for bids within a week for its second national auction of permits for solar plants, while warning the first group of winners that there will be no leniency for delayed projects.
The country may issue licenses in the next auction for as much as 350 megawatts of photovoltaic capacity, said Deepak Gupta, secretary of the Ministry of New and Renewable Energy.
At the first auction in December, it awarded permits to build 37 projects with total capacity of 620 megawatts.
Two of those were disqualified this week. Gupta said one company had misrepresented its net worth in documents submitted to the government, and the other hadn’t followed guidelines for obtaining land. The remaining projects may face fines if they are not completed on time.
“The clock is ticking,” he said today in an interview. “Even a one-day delay is likely to attract penalties.”
According to the timetable established in the December auction, 140 megawatts of photovoltaic projects must be completed by January. Another 470 megawatts of solar-thermal projects have until 2013.