MNRE issue bidding guidelines for setting up 1000 MW Wind Power Projects
Posted on:05 Nov 2016 18:02:51
05 November 2016 Current Affairs GK: 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.
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