The Guidelines for Tariff Based Competitive Bidding Process for Procurement of Power from Grid Connected Solar PV Power Projects have been notified vide Resolution No. 27/01/2023-RCM published in the Gazette of India (Extraordinary) (Part 1 Section 1) on 28thJuly 2023.
In a significant development, the Ministry of Power has implemented key amendments to the Guidelines for Renewable Energy Bidding, marking a strategic shift in the competitive bidding process for grid-connected renewable energy power projects with energy storage systems.
The Guidelines for Tariff Based Competitive Bidding Process for Procurement of Power from Grid Connected Solar PV Power Projects have been notified vide Resolution No. 27/03/2023-RCM published in the Gazette of India (Extraordinary) (Part1 - Section 1) on 21st August, 2023.
The recent amendment issued on 2nd February 2024, the Ministry of Power has deleted the provision related to debarring RE Generators in cases of delays in the commencement of power supply.
As per the Electricity Act, 2003, CEA is to prepare the National Electricity Plan once in five years. Further, Section 73 (a) of the Act also provides the formulation of short-term and perspective plans for development of the electricity system as one of the functions of the CEA.
With a gross state domestic product (GSDP) of INR 23.64 lakh crore in 2022–23, Tamil Nadu (TN) contributes nearly 10 per cent to India’s overall gross domestic product (GDP). As a leading industrial state, it has an ambitious target of becoming a USD 1 trillion economy by 2030–31.
