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"The manufacturing zone aims at promoting local manufacturing of the latest clean and energy equipment technologies to minimise dependence on imports for the power sector," read the invitation document
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The ministry of power on Thursday invited Expression of Interest for setting up a manufacturing zone on pilot basis for Power & Renewable Energy Sector.
The ministry had earlier issued orders conveying implementation of a Scheme for Setting up a Manufacturing Zone for Power and Renewable sector on pilot basis with a budgetary outlay of Rs.400 crore over a period of five years.
This is a Central Sector Scheme and the duration of the Scheme is five years from FY 2022-23 to FY 2026-27.
"The manufacturing zone aims at promoting local manufacturing of the latest clean and energy equipment technologies to minimise dependence on imports for the power sector," read the invitation document.
The bids will be evaluated based on low electricity and water charges, the length of the proposed area, and the connectivity of the zone. Priority will be given to zones with land free from encumbrances, proximity to ports, competitive electricity and water tariffs, and proposing earmarking of areas above 150 acres.
The proposed funding would be kept flexible for supporting common infrastructure facilities and common testing facilities. The interested special purpose vehicle will be responsible for the preparation of a detailed project report, obtaining clearances and land acquisition for the manufacturing zone.
According to the expression of interest, the grant will be released by the central government in four installments – three of 30 per cent each and the last of 10 per cent.
EOI Process Authority has adopted a single stage EOI Process for selection of the Successful Proposer. Each Proposer is required to submit a single Proposal. The last date for submission of Expression of Interest is 8th June 2022.