Integrated Power Development Scheme (IPDS)

Integrated Power Development Scheme (IPDS)

Subject: Govt Schemes

Context: Recently, a 50 kWp solar roof top was inaugurated in Solan, Himachal Pradesh under the Integrated Power Development Scheme (IPDS) of Ministry of Power.

Concept:

• The 50 kWp solar roof top project is commissioned by Himachal Pradesh State Electricity Board Ltd (HPSEBL).
• The inauguration of solar roof top project is a part of ‘Azadika Amrit Mahotsav’ celebrations.
• A total of 152 PV Panels are installed which will produce approximately 165 Kwh of electricity on a daily basis.
• The project reinforces the ‘Go Green’ Initiative of the government envisaged in Urban Distribution scheme of government of India.

About Integrated Power Development Scheme (IPDS)

• It was launched in 2014 under the Ministry of Power.
• All Discoms including private sector DISCOMS and State Power Departments will be eligible for financial assistance under the scheme.
• The Power Finance Corporation Ltd. (PFC) is the nodal agency for implementation of “Integrated Power development Scheme (IPDS).
• The projects under IPD Scheme will be completed within a period of 24 months from the date of issue of Letter of Award (LoA) by the utility.

Power Finance Corporation Ltd. (PFC)

• It is an Indian financial institution established in 1986 under the ownership of Ministry of Power.
• It is a Schedule-A Navratna Central Public Sector Enterprise (CPSE).
• It is a leading Non-Banking Financial Corporation in India.
• It was classified as an Infrastructure Finance Company by the RBI in 2010.