The Ministry of Power vide its notification dated 12th April 2022, has revised the scheme for flexibility in generation and scheduling of thermal/hydro power stations through bundling with renewable energy and storage power.
MoP repealed the earlier scheme notified on 15th November 2021 and substituted with the fresh scheme, which is summarised as bellow:
The revised scheme shall be applicable to all new and existing coal/lignite/gas based thermal generating stations or hydro power stations which are referred to as “generating station”. Any generating station company having such generating station may establish or procure renewable energy ( RE) from a renewable energy power plant that is either co-located within the premises or at new locations.
The new scheme also specifies guidelines for transmission connectivity and access, scheduling and commercial mechanism, deviation settlement mechanism, renewable purchase obligation, and requirement of additional agreements to PPA/PSA (Power purchase agreement/power sale agreement)
In case of RE power plant co-located within the premises of a generating station, the appropriating commission shall determine the tariff of RE supplied. Provided that such RE power plant shall be established through a competitive EPC tendering. In all other cases, RE shall be procured on a competitive bid basis.
