(a) whether the Government has established Risk Guarantee Fund (RGF) to mitigate
the market risk associated with renewable energy projects;
(b) if so, the details thereof;
(c) whether it covers all renewable energy sources in both grid-connected and off-grid
projects;
(d) if so, the details thereof; and
(e) the size of RGF fund during 2011-12 and 2012-13 along with the amount sanctioned
against default?
THE MINISTER OF NEW AND RENEWABLE ENERGY (DR. FAROOQ ABDULLAH)
(a): No, Madam. However, a Payment Security Scheme (PSS) for grid connected solar power
projects under the Jawaharlal Nehru National Solar Mission (JNNSM) has been established by
the Government.
(b),(c)&(d): A Gross Budgetary Support not exceeding Rs.486.05 crore is provided for the
PSS to facilitate creating a Solar Payment Security Account as a payment risk mitigation
strategy in the event of default by State Utilities/Discoms.
(e): The size of PSS for the year 2011-12 and 2012-13 is Rs.2.0 crore and Rs.56.32 crore,
respectively.