JOIN US Aimed at bringing transparency in transmission sector, the Power Ministry has launched a portal for electronic bidding and e-reverse auction of tariff-based electricity transmission projects.
The ministry and state-run auctioneer MSTC launched the web portal to mark a shift from the present manual auction process to electronic mode for determining the lowest bidder for the projects, the ministry said in a release.
Power Minister Piyush Goyal said that on the lines of coal sector, reverse auction is being introduced in transmission sector to facilitate better price discovery in such projects. Besides, Goyal also launched the ‘DEEP’ (Discovery of Efficient Electricity Price) e-Bidding portal for medium term (1-5 years) purchase of power.
The minister said that the portal will provide a common e-bidding platform with e-reverse auction facility to facilitate nation-wide power procurement through a wider network so as to bring uniformity and transparency in the process of power procurement. The minister also launched ‘TARANG’ (Transmission App for Real Time Monitoring & Growth) Mobile App to monitor execution of the under construction power transmission projects.
The app will also give information on delayed transmission projects and issues halting them.
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