Energy mills have to make sure at the least 85% availability each yearly and through peak hours, stated the rules issued by the ministry of energy for procurement of round the clock energy from grid-connected initiatives. Bidders should provide at the least 51% of the facility from renewable sources, which can embrace provide utilizing storage.
The scheme is the primary of its variety on the planet the place each fossil fuel-based energy and clear vitality will complement one another to make up a viable system that gives constant energy to the grid. A number of specialists had raised considerations that India’s formidable renewable vitality programme posed a risk to the grid due to abrupt rise and fall in technology from wind and solar.
The facility trade had earlier raised considerations a couple of round the clock challenge being totally spearheaded by solely renewable vitality provide, saying that intermittent energy generated by renewable vitality initiatives may end up in grid questions of safety. The sooner draft of the discover known as for mills to take care of an 80% availability yearly.
Failing this or the 85% provide requirement, the bidder should pay a penalty equal to 25% of the shortfall in vitality phrases, calculated on the most composite tariff payable in the course of the 12 months.
The bidders should additionally quote a single composite tariff for the RTC initiatives on the supply level. Profitable bidders could be chosen by a clear bidding course of for the bundled vitality, the ministry of energy stated.
The minimal capability for which bids can be issued is 250 MW, with a purpose to fulfil economies of scale. Nonetheless, bidders can membership smaller thermal initiatives to tie-up with their renewable initiatives. The RE element can embrace photo voltaic and non-solar sources reminiscent of wind, hydro, or any mixture of the identical, and bidders don’t essentially have to make use of a storage system for his or her initiatives, the discover stated.
The discover additionally states that the facility buy settlement should be of 25 years or extra from the date when the availability begins.
This scheme would additionally assist states fulfil their renewable buy obligation, it stated.