KSEB
The Kerala State Electricity Board Limited has decided to opt for a reverse bidding process to purchase 200MW of solar power from the domestic market. The reverse bidding would explore the possibility of the power utility getting solar power at a rate lower than the one fixed by the state electricity regulatory commission for each unit of grid-connected solar power.
The state electricity regulatory commission had fixed the rate per unit of solar power at Rs 7. The reverse bid is expected to kick up competition among the solar power generators who are willing to supply 200MW of solar power to the board at a lower rate.
