Uttarkhand Government to be first stable to buy short-term power through e-auction

The Government will start to buy short term power procurement through e-auction with nine biddings

• The State has decided to buy 100-200 Megawatt short term power for the months July, August and September
• The term of the power procurement is ranging from a day to a year
• Bidders including power generators, traders and distribution companies had registered their wishes to take part in the bidding after the launch of the e-auction portal

Process in E-auction:

First Round: Bidders will quote the price and lowest price will be available to all participating bidders

Second Round: Lowest bidders will participate in the reverse auction

• Condition for bidder should ensure a minimum of 25MW power and State government has the option to choose more than one bidder.
• Once the short term power procurement succeed, the government will decide to medium and long term power projects through e auction

Flow Chart of the process

1. Multi Stage bidding like online requests for quotations
2. Request for proposal
3. Reverse bidding through e-auction

Power Purchase agreements are signed with power generator through negotiations on a nomination basis

About Uttarkhand

• Capital: Dehradun
• Chief Minister: Harish Rawat
• Governor: Krishna Kant Paul