Page 44 - Policy Economic Report - December 2024

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

5. Budgetary support towards cost of enabling infrastructure, i.e. roads, bridges, ropeways, railway
siding, communication infrastructure and Transmission Line from power house to the nearest
pooling point, including upgradation of polling substations of State or Central Transmission Utility.

6. Guidelines to promote development of Pumped Storage Projects (PSPs) in the country was issued
on 10th April, 2023.

7. Waiver of Inter State Transmission System (ISTS) charges for hydroelectric projects and PSPs.
8. Central Financial Assistance (CFA) to the State Governments of North Eastern Region (NER)

towards their equity participation for development of Hydro Electric Projects in the NER through
Joint Venture collaboration between State entities and Central Public Sector Undertakings.
9. Reduction of timeline by Central Electricity Authority (CEA) for concurrence of Detailed Project
Reports (DPR) of hydroelectric projects and PSPs.

PMSGMBY Set to Surpass 10 Lakh Installations by March 2025, Targeting One Crore by 2027

PM Surya Ghar: Muft Bijli Yojana (PMSGMBY), the world’s largest domestic rooftop solar scheme, is
transforming the solar energy landscape of India. By March 2025, installations are projected to surpass 10
lakh, ramping up to 20 lakh by October 2025, 40 lakh by March 2026, and the targeted one crore by March
2027. Within just 9 months of PMSGMBY, 6.3 lakh installations have been achieved—an average of 70,000
per month. This marks a ten-fold increase in monthly installations compared to the average of 7,000 per
month prior to the launch of the scheme in February 2024. States such as Gujarat, Maharashtra, Kerala,
and Uttar Pradesh have demonstrated exceptional progress, reflecting robust infrastructure and
stakeholder collaboration.

The early progress of PMSGMBY is a testament to the solid groundwork being laid, and the scheme is on
track for accelerated growth in the coming months, paving the way for a sustainable future in rooftop
solar energy.

Implementation Challenges quickly resolved for Faster Rollout

Initial implementation challenges were effectively addressed to accelerate the rollout. DISCOMs
undertook auto-load enhancements to ensure the necessary power load capacity, while regulatory
barriers were reduced by waiving Technical Feasibility Reports (TFR) for systems up to 10kW. Timely
inspections by DISCOMs expedited subsidy releases, and measures ensured the availability of net meters.
Efforts to expand the vendor base supported rapid deployment, complemented by affordable financing
options through the Jan Samarth Portal for systems up to 3kW.

Building Infrastructure for Large-Scale Deployment

Building robust IT systems to integrate over 90 DISCOMs, banks, and other stakeholders was critical to
coordinating operations at this scale. Vendor development has been a priority, with nearly 9,000 vendors
activated and more joining daily. Capacity-building initiatives have trained 40,000 personnel, to ensure
high-quality installations and service delivery. An additional 2 lakh technicians will be trained over the
next eight months. Furthermore, more than 50,000 DISCOM engineers are receiving specialized training
to inspect and commission rooftop solar plants and provide net meters.

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