The Ministry of New and Renewable Energy (MNRE) has passed a resolution with the amendments to the guidelines for tariff-based competitive bidding process for procurement of Round-The-Clock (RTC) power from grid-connected renewable energy (RE) power projects, complemented with power from any other source or storage.
For the procurement of RTC power from grid-connected RE projects, the guidelines were issued in July 2020 and later amended in November 2020. The key amendment made to the guidelines was the formal introduction of “power from any other source or storage” into the guidelines to replace the unidirectional approach of bundling renewable energy with only thermal power.
Key amendment in the earlier notification from the power ministry was the shift from composite tariff to weighted average levelised tariff as the bidding parameter. It has been decided that the bidding evaluation parameter shall be the weighted average levelised tariff per unit supply of RTC power. The Procurer shall invite bids wherein the bidder shall quote the first year weighted average levelised Tariff in Rs/kWh.
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