In a move that might provide some relief to solar power plant developers, the Ministry of New and Renewable Energy (MNRE) has relaxed time lines for land acquisition, financial closure and the commissioning period for solar projects. For forthcoming projects, land acquisition documents would now have to be submitted within 12 months from signing power purchase agreement (PPA), instead of seven months mandated in the August 2017 guidelines. Similarly, the proof of financial closure and funding arrangements made for developing the power plant can now be provided after 12 months, instead of the seven months stipulated earlier.The allotted time for setting up solar generation units inside solar parks have been increased to 21 months from 13 months. For projects of more than 250 MW, developed outside solar parks, the commissioning time would now be 24 months, instead of 15 months, from signing the PPA.

Source - https://www.financialexpress.com