Government sets schedule for state entities to float solar power tenders.

The government has set a schedule for state companies and official agencies to float solar tenders in a move aimed at spacing out the offer of large project capacities and preventing distortion of the market.



With a target of adding 100GW of solar power capacity by 2022, the government plans to invite bids for 30,000 MW each in the current and next financial years. This will ensure a steady pipeline of projects through the year instead of inviting too many bids at once and exerting pressure on the entire value chain, industry officials said.



Power and new and renewable energy minister RK Singh took cognisance and directed a timetable of bids is issued to ensure year-round activity.



Following this, the ministry of new and renewable energy wrote to organisations responsible for carrying out solar bids and said clashing of bids of different organisations distorts the market and hence a strict timeline should be followed to avoid such a situation.

ET