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Power Ministry guidelines for designating a company as REIA

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The Ministry of Power has released new guidelines to designate Renewable Energy Implementing Agencies (REIAs). These agencies will handle power procurement from solar, wind, hybrid, and energy storage projects. To qualify as a REIA, a company must be registered under the Companies Act, 2013. It must also hold a Category-I power trading license from the Central Electricity Regulatory Commission (CERC), have a net worth above Rs 500 crore, and maintain a credit rating of A…

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UP and MP float bids for 6,100 MW power and storage capacity

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Uttar Pradesh Power Corporation Limited (UPPCL) and M.P. Power Management Company Limited have issued bids to procure a combined 6,100 MW of power and storage capacity. UPPCL has invited bids to procure 2,000 MW of energy storage capacity from grid connected pumped hydro storage plant/s located anywhere in India. The projects will be developed on a build, own, operate, and manage (BOOM) basis. The last date for bid submission is May 31, 2025. The supply…

DERC approves BRPL’s short-term power purchase from Greenko

DERC approves BRPL’s short-term power purchase from Greenko

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  The Delhi Electricity Regulatory Commission (DERC) has approved BSES Rajdhani Power Ltd.’s (BRPL) proposal to procure up to 92.4 million units (MUs) of electricity from Greenko Energies Private Limited on a short-term basis to meet peak summer demand. The procurement will cover the period from May 16, 2025, to July 31, 2025, specifically during the peak slots of 0000–0200 hours and 2000–2400 hours. BRPL had requested permission to directly procure 400 MW of power,…

Regulatory Developments in Power Trading Sector: April 21, 2025

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  UPERC approves NPCL’s procurement of 50 MW RTC power at Rs 5.41 per kWh The Uttar Pradesh Electricity Regulatory Commission (UPERC) has approved Noida Power Company Limited’s (NPCL) petition for the procurement of 50 MW of round-the-clock (RTC) power under medium-term agreements. The power will be supplied by Manikaran Power Limited and Dhariwal Infrastructure Limited at a competitive tariff of Rs 5.41 per kWh at the CTU periphery of the seller. NPCL initiated the…