Power Ministry guidelines for designating a company as REIA
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…