MoP issues draft guidelines for Renewable Energy Implementing Agencies designation

The Ministry of Power (MoP) has released draft guidelines for designating companies as Renewable Energy Implementing Agencies (REIA) to accelerate renewable energy development under the tariff-based competitive bidding (TBCB) framework.

REIAs will act as market makers, responsible for conducting renewable energy project bidding, signing power sale agreements with developers, and ensuring payment security for renewable energy generators. The guidelines require companies to hold a valid Category-I electricity trading license, have a net worth exceeding Rs 5 billion, and possess a long-term credit rating of A or above.

The guidelines mandate that REIAs conduct procurement exclusively through e-bidding platforms approved by the Central Electricity Regulatory Commission. Existing REIAs—SECI Ltd., NTPC Ltd., NHPC Ltd., and SJVN Ltd.—will continue under previous orders. New designations will be valid for five years, subject to government review. The MoP has invited comments on the draft within 15 days.