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MNRE Removes Tariff Caps for Future Solar and Wind Tenders

The Ministry for New and Renewable Energy (MNRE) has said that upper ceiling tariffs or tariff caps will no longer be prescribed in future bids.

 

It has directed Solar Energy Corporation of India (SECI), National Thermal Power Corporation (NTPC), state distribution companies (DISCOMs), and other implementing agencies that they will procure renewable energy (RE) power either through single renewable source or various combinations of renewable sources with or without storage as per their procurement policies.

 

The decision was taken after a meeting which was held recently between the Ministry of Power, MNRE, and representatives of SECI, and NTPC.

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