TBCB projects see welcome revival after year-long hiatus
Very recently, Power Grid Corporation of India Ltd (PGCIL) won three transmission projects under the tariff-based competitive bidding (TBCB) mechanism.
Very recently, Power Grid Corporation of India Ltd (PGCIL) won three transmission projects under the tariff-based competitive bidding (TBCB) mechanism.
A recent report by Central Electricity Authority (CEA) states that renewable energy procurers, mainly state-owned distribution companies, owe over Rs.8,200 crore to power producers in the renewable energy space—solar, wind, small hydropower, etc. As of July 31, 2019, outstanding dues amounted to Rs.8,231 crore, the report states.
The Centre’s intention of revamping the power distribution sector—the weakest link in the power value chain—appears to be serious, in light of the various measures recently announced.