PM KUSUM: Tembo Global Secures Rs. 595 Cr Solar Project From MSEDCL

PM KUSUM: Tembo Global Secures Rs. 595 Cr Solar Project From MSEDCL

Mumbai-based TEMBO, recently secured an order from Maharashtra State Electricity Distribution Co.Ltd, (MSEDCL) for solar photovoltaic power generating stations of 124 MW(AC). The company secured this project under Mukhyamantri Saur Krushi Vahini Yojana 2.0 for Rs. 595 crores. The scheme was launched for implementation of feeder level solarization under component C of PM-KUSUM Scheme.

TEMBO is a manufacturer and fabrication of metal products used in Pipe Support Systems, Fasteners, Anchors, HVAC, Anti-Vibration Systems and Equipment for industrial, commercial, utility and OEM installations. It signed a Power Purchase Agreement (PPA) the contract with Maharashtra State Electricity Distribution Co.Ltd (MSEDCL), for 25 years. The project is expected to be scheduled to be executed after the signing of the contract and expected to be completed within 18 months.

Component-C enables solarisation of grid-connected Agriculture Pumps under its Individual Pump Solarisation (IPS) mode & also Feeder Level Solarisation (FLS) of agricultural load. The Government provides the Central Financial Assistance (CFA) of 30% (or 50% for the North Eastern Region/Hilly region/Islands) under Component-C for both IPS & FLS. This enables the farmers to access day-time assured solar energy. The total numbers of farmers benefited in the country through the PM-KUSUM scheme as on 30.06.2024 is 4,11,222.

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Under the Component-B and Component-C of the PM-KUSUM scheme, Government of India provides the Central Financial Assistance (CFA) of 30% (or 50% for the North Eastern Region/Hilly region/Islands) for the installation of the Standalone agriculture pumps and solarisation of the grid-connected agriculture pumps.