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Daily News Wrap-Up: MNRE Extends Time for KUSUM Projects’ Financial Closure

MSMEs eye clean energy, but here’s what bankers say

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The Ministry of New and Renewable Energy (MNRE) extended timelines for financial closure and commissioning of certain projects under the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) program, providing relief to stakeholders grappling with financing constraints. The extension applies to projects for which power purchase agreements have been signed or notices to proceed issued on or before December 31, 2025.

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