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MNRE issue bidding guidelines for setting up 1000 MW Wind Power Projects

MNRE issue bidding guidelines for setting up 1000 MW Wind Power Projects
05 November 2016 Current Affairs: The Ministry of New and Renewable Energy (MNRE) has issued Guidelines for transparent bidding process for setting up of 1000 MW Wind Power Project connected to inter-state transmission system (ISTS). The guidelines have been issued for implementation of Scheme launched in June 2016 for providing power purchase agreements for electricity generated from 1,000-MW wind power projects.

Wind Power Projects will be selected through transparent and open competitive bidding followed by e-reverse auction for setting up of 1000 MW Wind Power Projects.

 The capacity these Wind Power Projects may go higher than 1000 MW, if there is demand from Buying Entities. Under this Scheme, Discoms of non-windy State/UTs and also the bulk consumers of any State/UTs who intend to buy 10 MW or more can buy wind power. The PTC India Ltd, trading company will sign Power Purchase Agreement (PPA) with wind projects at bidded tariff and back-to-back Power Sale Agreement (PSA) with Buying Entities at a pooled price of the total bids selected. 

The term of PSA and PPA will be 25 years. Bidder can bid for a minimum capacity of 50 MW and maximum up to 250 MW. The selected bidder is required to injected wind power at ISTS interconnection point and will be also allowed to install 5% of additional rated capacity that will compensate auxiliary consumption and system losses up to interconnection point.


January 2017 Current affairs
17 JAN
NEWS
16 JAN
NEWS
13 JAN
NEWS
12 JAN
NEWS
11 JAN
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December 2016 Current affairs
31 DEC
NEWS
30 DEC
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29 DEC
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28 DEC
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27 DEC
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26 DEC
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November 2016 Current affairs
30 NOV
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29 NOV
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October 2016 Current affairs
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September 2016 Current affairs
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