• Power ministry releases medium-term power procurement guidelines

    The Ministry of Power has released the guidelines for procurement of electricity for medium term from power stations set up on finance, own and operate basis (FOO) through the e-bidding portal DEEP.

    Medium term power is purchased through a power procurement agreement for a period between one and five years.

    Earlier this month, the government issued standard bidding documents to be adopted by distribution licensees for procurement of electricity from power producers, traders, distribution companies through competitive bidding through DEEP e-Bidding portal based on offer of lowest tariff from power generating stations constructed on FOO basis.

    The ministry in the guidelines said any deviation from the model bidding documents shall be made by the distribution licensees only with the prior approval of the appropriate commission.

    It further said the guidelines will also apply to those procuring power from thermal projects set up on design, build, finance, own and operate (DBFOO) basis after new coal block auction policy came into being.

    “Any project specific modifications expressly permitted in the model bidding documents shall not be construed as deviations from the model bidding documents,” the guidelines said.
    The ministry said any agreements signed or actions taken prior to the date will not be affected by such repeal of the sail guidelines and shall continue to be governed by the pervious guidelines. Jamie Meder Jersey

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