Government eases VGF norms for grid-connected solar projects

The Government has decided to ease norms for releasing viability gap funding (VGF) under a scheme for setting up 1,000-MW grid-connected solar projects by central public sector undertakings and other government organisations.

Now, half of the VGF will be released at the time of getting letter of intent and starting work, while remaining assistance will be released at completion of the project, according to an amendment posted on the website of the Ministry of New and Renewable Energy.

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