Reverse e-auction conducted in Pilot Scheme-II

The reverse e-auction of the Ministry of Power’s (MoP) Pilot Scheme-II for the procurement of 2,500 MW of power on an aggregated basis was conducted in April 2019. A tariff of Rs 4.41 per unit was discovered in this round. The lowest bid discovered this time is about 4 per cent higher than that (Rs 4.24 per unit) discovered in Pilot Scheme-I in April 2018. About 15 thermal power producers participated in the latest auction with Jindal Power Limited offering the highest quantity at 515 MW. Other bidders included Adani Korba West (295 MW), JSW Energy (290 MW), Essar Power Mahan (200 MW), DB Power (165 MW) and MB Power (125 MW).