Tender floated to procure power from imported coal-based plants on competitive bidding basis during crunch period

An e-tender has been floated for the procurement of electricity from imported coal-based (ICB) plants with untied capacity on the discovery of efficient electricity price (DEEP) e-bidding portal for NTPC Vidyut Vyapar Nigam Limited (NVVNL).

NVVNL has been nominated as a nodal agency to facilitate the supply of 1,500 MW of power from ICB plants with untied capacity during the identified crunch period (April 10, 2023 to May 10, 2023), when power availability in the day-ahead market (DAM) on power exchanges is expected to be less than the demand. It will ensure sufficient supply in DAM, which in turn is expected to have a moderating effect on clearing prices. The last date for submission of bids is February 14, 2023. The price bids of qualified bidders will be opened on February 20, 2023. The letter of award will be issued on February 25, 2023 and the agreement between selected bidders and NVVNL will be inked on March 4, 2023.