Central Financial Assistance for Pavagada Solar Park

The Government of India's release of Rs. 351.94 crore as Central Financial Assistance (CFA) for the Pavagada Solar Park is a significant development in India's renewable energy sector. This financing supports the 2000 MW solar park and its power evacuation infrastructure, which has been fully operational since December 2019. The involvement of key players like Karnataka Power Transmission Corporation Limited (KPTCL), Power Grid Corporation of India, and Bondada Engineering underscores the collaborative effort between government entities, transmission providers, and EPC contractors in realizing large-scale solar projects. This investment likely aims to ensure the continued efficient operation and maintenance of the park, potentially addressing grid integration challenges or supporting further expansion plans. The deal is notable for its size, supporting a 2000 MW solar park, and the participation of the Government of India as a lender. The involvement of Pavagada Solar Park as an investor and Karnataka Renewable Energy Development Limited (KREDL) as an offtaker further solidifies the project's importance within the renewable energy ecosystem. This financial assistance demonstrates the government's commitment to promoting solar energy and achieving its renewable energy targets. The announcement date in 2026, while seemingly in the future, could indicate a forward-looking commitment or a delayed announcement of past financial support.