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ARTICLE · 30 SEPTEMBER 2024

Projects, Energy & Infrastructure Monthly Newsletter | September 2024

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The Ministry of Power has issued Draft Tariff Based Competitive Bidding Guidelines for Procurement of Storage Capacity/Stored Energy from Pumped Storage Plants dated August 22, 2024...

IndiaEnergy and Natural Resources
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LEGAL & POLICY UPDATES

Draft Tariff Based Competitive Bidding Guidelines for Procurement of Storage Capacity/Stored Energy from Pumped Storage Plants, 2024

  • The Ministry of Power (MoP) has issued Draft Tariff Based Competitive Bidding Guidelines for Procurement of Storage Capacity/Stored Energy from Pumped Storage Plants dated August 22, 2024 (Draft Guidelines), and have proposed the following modes of procurement of power from the Pumped Storage Plants (PSPs).
    1. Build-Own-Operate-Transfer Model (BOOT Model) from a PSP developed on a site identified by the Procurer;
    2. Finance-Own-Operate Model (FOO Model) from a PSP developed on a site identified by the Bidder or already commissioned.

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