Powering renewable power | Enterprise Customary Editorials

The Ministry of Energy’s proposal to supply a uniform tariff for renewable power (RE) procurement by states will handle a key ache level that has emerged for such tasks lately: An unsure market from patrons, the cash-strapped state-owned distribution corporations, or discoms. It can contain the centrally owned SECI (previously Photo voltaic Vitality Company of India), which is the nodal tendering company for RE tasks, to find out every month a median value that states pays for all RE sources — photo voltaic, wind, hydro, and hybrid. Below the brand new pricing system, the reverse-bidding course of for RE tasks by personal builders will proceed. SECI pays the ultimate bid-out tariff to the generator and provide it to the states at a uniform value below power-supply agreements. The principal benefit of this two-step course of is that it’ll provide RE tasks some measure of visibility and stability in revenues.



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First Printed: Mon, August 15 2022. 21:30 IST

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