MNRE auctions only for RTC and hybrid projects
The government may now hold renewable energy auctions only for round-the-clock and hybrid projects, a move seen reducing the problem of intermittent supply and making clean power more competitive against traditional thermal plants. Last week, MNRE auctioned a first-of-its-kind 400 MW RTC tender, where the levelised winning tariff emerged at Rs 3.60 per unit. Thermal power sector executives said this could be a serious threat to the dominance of coal-based power generation in the country. Developers feel that although storage is needed in order to balance generation, asking all developers to generate power round the clock might not be feasible because of fluctuating load patterns.
Tags : ALLIED Developers Renewable Energy Government MNRE auctions MW RTC tender Thermal power coal-based power hybrid projects