Business Standard

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

'Corporate' market for clean energy grows
Premium

Shreya Jai New Delhi
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

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 30 2018 | 10:11 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com