GENCOs directed to Import Coal in Timely Manner
The Ministry of Power (MoP) has directed all GENCOs, including Independent Power Producers, to Import Coal in timely manner for blending purposes and maximizing production in captive coal mines. These directions were issued on 1st September, 2023.
Draft Electricity Distribution (Accounting aspects of Specified Items & Additional Disclosure) Rules, 2023
The Ministry of Power (MoP) has issued the draft Electricity Distribution (Accounting aspects of Specified Items & Additional Disclosure) Rules, 2023. These draft rules are designed to ensure uniformity and accountability among electricity companies in recognizing and managing critical financial elements.
Amendments in Bidding Documents for lnter-State Transmission Services
The Ministry noted that several private transmission developers had encountered challenges in meeting the technical requirements for bidding on HVDC systems via the TBCB route, specifically related to the qualifying criterion regarding the aggregate capital cost of projects and aggregate payments received (CAPEX) to be fulfilled by the bidding company or lead member of the Bidding Consortium.
Guidelines for Tariff Based Competitive Bidding Process for Procurement of Power from Grid Connected Solar PV Power Projects
The key objective behind these guidelines is to reduce the overall power purchase costs for distribution licensees, which constitute the largest cost element. By introducing competitive bidding in the procurement process, the government aims to facilitate the development of power markets and subsequently lower electricity prices, leading to substantial benefits for consumers.
Guidelines for Tariff Based Competitive Bidding Process for Procurement Power from Grid Connected Wind Power Projects
These Guidelines are issued for procurement of electricity by the Procurer(s), from grid-connected Wind Power Projects (WPP). They aim to provide for a framework for the inter-state/ intra-state, long-term, sale-purchase of power as a further measure to derisk the sector
Electricity (Second Amendment) Rules, 2023
These Amendment Rules aim at bringing improvements in the management of subsidies and ensuring the financial sustainability of the electricity distribution sector. These new rules seek to streamline subsidy accounting, establish a framework for financial sustainability, and set guidelines for prudent cost management.
