Daily News Wrap-Up: Industry Reacts to the New Solar Bidding Guidelines
Dry August Sparks Unprecedented Power Demand Across India
September 6, 2023
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The Ministry of Power has introduced new guidelines for tariff-based competitive bidding for grid-connected solar projects. These guidelines aim to enhance transparency, establish fair procurement procedures, and encourage competitive pricing. This new framework is designed to promote consistent growth in installations across the country, with input from developers. The new incentives and relaxations are expected to stimulate increased participation, while penalties will serve as a deterrent against project delays and cancellations. Mercom asked stakeholders for their opinions on the new guidelines and their impact on the upcoming solar power projects.