The Ministry of Power has introduced new guidelines for bidding on grid-connected power projects. Designed to ensure transparency and fairness, they cover bid capacity limits, power procurement procedures, and penalties for delays, aiming to bolster energy sector stability and reduce risks. This encourages long-term power transactions between states. Apraava Energy has won two projects, facilitating a 40 GW energy transmission. This was achieved through the transfer of interstate transmission projects from PFC Consulting. Consequently, energy zones in Rajasthan will expand. The Gujarat Electricity Regulatory Commission's approval of tariffs from bidding underscores the sector's growth. The Q2 2023 successes of Sembcorp Industries, Bloom Energy, Stem, and Daqo New Energy Corporation spotlight the energy sector's evolution. Moreover, MIT's research has unveiled an innovative supercapacitor application, promising for energy source integration.
Tags :
grid-connected power projects
power procurement procedures
energy sector stability
long-term power transactions
Apraava Energy
interstate transmission projects
PFC Consulting
Gujarat Electricity Regulatory Commission
Sembcorp Industries
Bloom Energy
MIT research
innovative supercapacitor application
energy source integration.
