The Ministry of Power (MoP) has issued amendments to the guidelines for tariff-based competitive bidding (TBCB) process for procurement of round-the-clock (RTC) power from grid-connected renewable energy power projects, complemented with power from any other source or storage.
As per the new amendments, the term renewable energy (RE) power will refer to power from solar, wind power generating systems, or a combination thereof, with or without energy storage systems (ESS). Further, the ESS offered with a project must only be charged from RE sources, for getting compensation. The new amendments clarify that ESS charged using any source other than renewable energy will not qualify. Regarding force majeure (FM), the amended clause adds that the generator should inform the procurer about the occurrence of FM within 15 days. In case the project is available to supply power, but the procurer does not offtake the power, the generator will be eligible for payment from the procurer.