India's MNRE extends PM KUSUM commissioning deadline to March 31, 2027
PM KUSUM project developers must commission eligible projects by Mar 31, 2027
Change
India's Ministry of New and Renewable Energy (MNRE) extended the commissioning deadline for PM KUSUM solar projects that have power purchase agreements or letters of intent signed or issued on or before December 31, 2025, to March 31, 2027.
Why it matters
Only projects with power purchase agreements or letters of intent dated on or before December 31, 2025 qualify for the extended commissioning window. States have been directed to coordinate with lending banks to facilitate financial closure for projects seeking commissioning beyond March 31, 2026.
Implications
- — PM KUSUM project developers with power purchase agreements or letters of intent dated on or before December 31, 2025 must complete commissioning by March 31, 2027 — projects not commissioned by that date will not qualify for the extension.
- — State renewable energy agencies and project implementation teams must immediately coordinate with lending banks to secure financial closure for projects planning commissioning after March 31, 2026 — failure to obtain financial closure risks projects being unable to proceed under the extended timeline.
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Source
View on Economic Times