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Home News Power Sector News States to sign select power suppliers through online bidding only

States to sign select power suppliers through online bidding only

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GoyalState power distribution utilities will have to select power companies for electricity supply through an online bidding platform set up by the union power ministry.

The power ministry on 12-04-2016 launched a portal for e-reverse auction for short-term electricity procurement by distribution companies.

Power Minister Piyush Goyal said the portal will be extended to enable states to sign medium- and long-term power purchase agreements with successful bidders. Andhra Pradesh, Bihar and Kerala have already invited power supply bids for a total of 1,000 MW from power generating companies.

Source- ET

 

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