MoP issues guidelines for TBCB process for procurement of power from grid connected renewable energy power projects for utilisation under scheme for flexibility in generation and scheduling of thermal/hydro power stations through bundling with renewable energy and storage power

The Ministry of Power (MoP) has issued guidelines for tariff based competitive bidding process (TBCB) for procurement of power from grid connected renewable energy power projects for utilisation under scheme for flexibility in generation and scheduling of thermal/ hydro power stations through bundling with renewable energy and storage power.

These guidelines are being issued under the provisions of Section 63 of the Electricity Act, 2003 for long term procurement of electricity by the ‘procurers’, from grid-connected renewable energy power projects, having individual size of 5 MW and above, through competitive bidding. The guidelines aim to promote competitive procurement of electricity from renewable energy power plants, by thermal/ hydro generators for utilisation under flexibility scheme for scheduling of thermal/ hydro power stations through bundling with renewable energy and storage power, to reduce emission. The other objectives of the guidelines are to facilitate transparency and fairness in procurement processes; to provide standardisation and uniformity in processes and a risk-sharing framework between various stakeholders, involved in the renewable energy power procurement under flexibility scheme, thereby encouraging investments, enhanced bankability of the projects and profitability for the investors.

Click here to read the guidelines

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