The Ministry of Power (MoP) has released amendments to the guidelines for tariff based competitive bidding (TBCB) process for procurement of round-the-clock (RTC) power from grid connected renewable energy (RE) power projects complemented with power from any other source of storage.
The amendment provides that the bidding evaluation parameter will be the weighted average levelised tariff per unit supply of RTC power. The bidder will be selected on the basis of least quoted weighted average levelisedtariff. As per the amendments, if the allocated quantum of power to the bidder is less than the total quantum of power to be contracted, the capacity allocation will be on the basis of bucket filling method, till the tendered capacity is fully exhausted, as against the previous system wherein the remaining qualifying bidders (except the L1 bidder) were asked to match the tariff of the L1 bidder.