Amendment to the guidelines for tariff based competitive bidding process for procurement of firm and dispatchable power from grid connected renewable energy power projects with energy storage systems
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 resolution, dated 2nd February 2024, focuses on refining Clause 14.3, specifically addressing delays in the commencement of power supply. Notably, Clause 14.3 (b) (ii) has been officially removed, indicating a deliberate effort to streamline and potentially expedite the initiation of power supply from these projects. The revision is poised to have a substantial impact on the operational dynamics of grid-connected renewable energy initiatives nationwide.
