Govt weighs reverse auction vs conventional bidding for renewable projects

Move follows industry call to stop reverse e-bidding in order to keep tariffs at healthy levels

The Indian government is examining a proposal by the industry for stopping reverse auction held through e-bidding to award projects and move to conventional closed bidding. Anand Kumar, secretary, ministry of new and renewable energy (MNRE) said there has been an issue regarding the reverse auction. 

“There are various pros and cons to it. We are currently examining the reverse auction vis-à-vis the conventional bidding and the e-bid. Both are transparent. There has been a demand for the conventional transparent bidding and we are trying to find out from the experts which is the better,” he said at the Global