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…