Institutional Solar PV System and Solar PV Pumping System - Subsidy Delivery mechanism

The institution desirous of setting up an ISPS or PVPS will have to approach AEPC for guidance and have to fill and submit Reality Check form in AEPC prescribed format. AEPC appraises the information against Reality Check criteria and extends an invitation to submit a feasibility report for the projects fulfilling the required criteria. Then the institution has to submit a feasibility study report in AEPC prescribed format along with the name of recommended qualified companies to APEC. AEPC appraises the feasibility report and if the project meets all the criteria, approval is given for the proposal. The institution will have to fill up the AEPC prescribed ISPS or PVPS subsidy application form and submit to AEPC. AEPC will then approve for subsidy, if everything is found in proper order. The institution then can place an order for the ISPS or PVPS with the qualified suppliers upon receiving the sanction letter from AEPC. AEPC will release 50 percent of the estimated subsidy amount as an advance against the bank guarantee to the qualified equipment supplier. On submission of the commissioning report with certification of installation from concerned VDC/DDCs, AEPC will release up to 90 percent of the applicable subsidy net of advance if report is in order. After one year with satisfactory functioning of installation with user's satisfaction and after sale services provided by the companies/organization, AEPC will release the remaining 10 percent of the subsidy. AEPC will make necessary arrangement for monitoring of after sales service
And guarantee.