greenshoe option power bids

The Central Electricity Regulatory Commission (CERC) has adopted a tariff of Rs 3.13 per kWh for 1,200 MW of ISTS-connected solar projects, coupled with 600 MW/2,400 MWh Energy Storage Systems (ESS), discovered through a competitive bidding process conducted by NHPC Limited. The Commission, however, restricted part of the additional capacity allocation under the ‘Greenshoe Option’ and called for policy clarity on its use. In its April 10, 2026 order, CERC approved tariffs discovered through e-reverse…