Current Affairs PDF

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

AffairsCloud YouTube Channel - Click Here

AffairsCloud APP Click Here

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 SeptemberUttarkhand Government
  • 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