Tariff Based Competitive Bidding (TBCB) for Intra-State Transmission ProjectsAmitava Nag
As per Para 5.3 of Tariff Policy 2016, intra-state transmission projects shall be developed by the State Governments through competitive bidding process for projects costing above a threshold limit which shall be decided by the State Commissions. State has been given option either to use VGF based MTA document of Planning Commission or the Standard Bidding Document of Ministry of Power for procurement of intra-state transmission services. For the VGF based bidding, the unitary charges will require to be approved by the State Commissions prior to bidding. The above said guidelines are for procurement of transmission services to select transmission service provider for a new transmission line. A transmission charges for providing transmission service and O&M required for the various transmission elements shall form the basis for bidding. Under the MTA, it has been decided that the prospective bidders would be awarded projects on the basis of lowest grant sought or highest premium offered.
Tariff policy of India: Salient Points Amitava Nag
Revised Tariff Policy notified by MoP on 28.01.2016.State Government can notify a policy to encourage investment in the State by allowing setting up of generating plants, including from renewable energy sources out of which a maximum of 35% of the installed capacity can be procured by the Distribution Licensees of that State for which the tariff may be determined under Section 62 of the Electricity Act, 2003.
Tariff Based Competitive Bidding (TBCB) for Intra-State Transmission ProjectsAmitava Nag
As per Para 5.3 of Tariff Policy 2016, intra-state transmission projects shall be developed by the State Governments through competitive bidding process for projects costing above a threshold limit which shall be decided by the State Commissions. State has been given option either to use VGF based MTA document of Planning Commission or the Standard Bidding Document of Ministry of Power for procurement of intra-state transmission services. For the VGF based bidding, the unitary charges will require to be approved by the State Commissions prior to bidding. The above said guidelines are for procurement of transmission services to select transmission service provider for a new transmission line. A transmission charges for providing transmission service and O&M required for the various transmission elements shall form the basis for bidding. Under the MTA, it has been decided that the prospective bidders would be awarded projects on the basis of lowest grant sought or highest premium offered.
Tariff policy of India: Salient Points Amitava Nag
Revised Tariff Policy notified by MoP on 28.01.2016.State Government can notify a policy to encourage investment in the State by allowing setting up of generating plants, including from renewable energy sources out of which a maximum of 35% of the installed capacity can be procured by the Distribution Licensees of that State for which the tariff may be determined under Section 62 of the Electricity Act, 2003.
Introduction
The Indian Power System is a conglomeration of a number of agencies.
Power system means all aspects of generation, transmission,
distribution and supply of electricity and includes one or more of the
following, namely:-
(a) generating stations;
(b) transmission or main transmission lines;
(c) sub-stations;
(d) tie-lines;
(e) load despatch activities;
(f) mains or distribution mains;
(g) electric supply-lines;
(h) overhead lines;
(i) service lines;
(j) works;
The Indian Electricity Grid Code (IEGC) is a regulation made by the
Central Commission in exercise of powers under clause (h) of subsection
(1) of Section 79 read with clause (g) of sub-section (2) of
Section 178 of the Act. The IEGC also lays down the rules, guidelines
and standards to be followed by various persons and participants in the
system to plan, develop, maintain and operate the power system, in the
most secure, reliable, economic and efficient manner, while facilitating
healthy competition in the generation and supply of electricity.
1.2 Objective
The IEGC brings together a single set of technical and commercial
rules, encompassing all the Utilities connected to/or using the inter-
State transmission system (ISTS) and provides the following:
• Documentation of the principles and procedures which define the
relationship between the various Users of the inter-State
transmission system (ISTS), National Load Despatch Centre, as
well as the Regional and State Load Despatch Centres
• Facilitation of the optimal operation of the grid, facilitation of
coordinated and optimal maintenance planning of the grid and
facilitation of development and planning of economic and reliable
National / Regional Grid
• Facilitation for development of power markets by defining a
This presentation discusses about Electricity Laws and Regulations. It primarily focuses on India, but a reference to other countries is made at few places.
The Sate of Tamil Nadu has recently released new solar policy with highly ambitious target of 9GW by 2023. Gensol has highlighted key areas of focus & inferences with respect to incentives, energy accounting, wheeling of power etc.
Growth of Electricity Sector in India since 1947 to 2015Ashish Verma
The Central Electricty Authority (CEA) has relaesed documents on growth and development of electricty & power sector since 1947 to Year 2015.
Major highlights are
1. in 1947 ,the installed power capacity was 1.35 GW ,but now in year 2015 India has installed capacity of 267 GW.
1. The per capita consumption of Electricty has increase. The Country have 1010 kWh per capita of consumption where in 1947 the country had only 13-14 kWh per capita of consumotion .
EV Charging Infrastructure: Littelfuse Solutions to Enhance Safety, Efficienc...Littelfuse
Discover the wide range of Littelfuse EV charging infrastructure solutions in our automotive electronics portfolio, including silicon carbide (SiC) devices.
IREDA Scheme for Loan for grid connected Solar PV rooftop plant Ashish Verma
IREDA has realsease the financing guidelines to provide the loan for the Grid connected Solar photovoltaic power plant . The minimum capacity of 20 KW and maximum capacity of 1000 kWp are eligible for the loan
Key Takeaways:
- National Renewable Energy Policy
- Creation and functioning of the Electricity Contract
- Enforcement Authority
- Constitution of Selection Committee
- Cost Reflective Tariff and Direct Benefit Transfer of Subsidies
- Distribution Sub-license and Franchise
Adverse effects of fossil fuel burning and internal combustion engine vehicles have alarmed nations worldwide. Governments are taking steps to promote the use of Electric Vehicles due to less carbon emissions and to pacify the environmental issues. The added load of Electric Vehicles poses a threat to the existing grid which leads to instability of the grid. The problem of demand supply mismatching can be solved by integrating the renewable energy sources with Electric vehicle charging station resulting in bi-directional flow of power. Vehicle to Grid technology helps the utility with active and reactive power support by feeding power from battery pack to grid and vice versa. Vehicle to Grid describes a system in which electric vehicles, plug-in hybrid, fuel cells electric vehicles are connected to the power grid to provide high power, spinning reserves, regulation services etc. The perspective of this study is to evolve a smart charging schedule based on the load on grid, time of use of the EV and other factors in order to minimize cost of charging for electric utilities and EVs as well as promote profits to EV owners.
Introduction
The Indian Power System is a conglomeration of a number of agencies.
Power system means all aspects of generation, transmission,
distribution and supply of electricity and includes one or more of the
following, namely:-
(a) generating stations;
(b) transmission or main transmission lines;
(c) sub-stations;
(d) tie-lines;
(e) load despatch activities;
(f) mains or distribution mains;
(g) electric supply-lines;
(h) overhead lines;
(i) service lines;
(j) works;
The Indian Electricity Grid Code (IEGC) is a regulation made by the
Central Commission in exercise of powers under clause (h) of subsection
(1) of Section 79 read with clause (g) of sub-section (2) of
Section 178 of the Act. The IEGC also lays down the rules, guidelines
and standards to be followed by various persons and participants in the
system to plan, develop, maintain and operate the power system, in the
most secure, reliable, economic and efficient manner, while facilitating
healthy competition in the generation and supply of electricity.
1.2 Objective
The IEGC brings together a single set of technical and commercial
rules, encompassing all the Utilities connected to/or using the inter-
State transmission system (ISTS) and provides the following:
• Documentation of the principles and procedures which define the
relationship between the various Users of the inter-State
transmission system (ISTS), National Load Despatch Centre, as
well as the Regional and State Load Despatch Centres
• Facilitation of the optimal operation of the grid, facilitation of
coordinated and optimal maintenance planning of the grid and
facilitation of development and planning of economic and reliable
National / Regional Grid
• Facilitation for development of power markets by defining a
This presentation discusses about Electricity Laws and Regulations. It primarily focuses on India, but a reference to other countries is made at few places.
The Sate of Tamil Nadu has recently released new solar policy with highly ambitious target of 9GW by 2023. Gensol has highlighted key areas of focus & inferences with respect to incentives, energy accounting, wheeling of power etc.
Growth of Electricity Sector in India since 1947 to 2015Ashish Verma
The Central Electricty Authority (CEA) has relaesed documents on growth and development of electricty & power sector since 1947 to Year 2015.
Major highlights are
1. in 1947 ,the installed power capacity was 1.35 GW ,but now in year 2015 India has installed capacity of 267 GW.
1. The per capita consumption of Electricty has increase. The Country have 1010 kWh per capita of consumption where in 1947 the country had only 13-14 kWh per capita of consumotion .
EV Charging Infrastructure: Littelfuse Solutions to Enhance Safety, Efficienc...Littelfuse
Discover the wide range of Littelfuse EV charging infrastructure solutions in our automotive electronics portfolio, including silicon carbide (SiC) devices.
IREDA Scheme for Loan for grid connected Solar PV rooftop plant Ashish Verma
IREDA has realsease the financing guidelines to provide the loan for the Grid connected Solar photovoltaic power plant . The minimum capacity of 20 KW and maximum capacity of 1000 kWp are eligible for the loan
Key Takeaways:
- National Renewable Energy Policy
- Creation and functioning of the Electricity Contract
- Enforcement Authority
- Constitution of Selection Committee
- Cost Reflective Tariff and Direct Benefit Transfer of Subsidies
- Distribution Sub-license and Franchise
Adverse effects of fossil fuel burning and internal combustion engine vehicles have alarmed nations worldwide. Governments are taking steps to promote the use of Electric Vehicles due to less carbon emissions and to pacify the environmental issues. The added load of Electric Vehicles poses a threat to the existing grid which leads to instability of the grid. The problem of demand supply mismatching can be solved by integrating the renewable energy sources with Electric vehicle charging station resulting in bi-directional flow of power. Vehicle to Grid technology helps the utility with active and reactive power support by feeding power from battery pack to grid and vice versa. Vehicle to Grid describes a system in which electric vehicles, plug-in hybrid, fuel cells electric vehicles are connected to the power grid to provide high power, spinning reserves, regulation services etc. The perspective of this study is to evolve a smart charging schedule based on the load on grid, time of use of the EV and other factors in order to minimize cost of charging for electric utilities and EVs as well as promote profits to EV owners.
Evolution of transmission sector in India, Regional and National Grid, Market structure, Transmission & Substation capacity, Distribution system in India
This is the simple ppt explaining about the main components of the power systems. especially we are determining the insulators and its types with real time pictures which are attractive,
From centralised long-term planning to market-based access: Proposed change i...Amitava Nag
The present transmission planning process in India does not incorporate economic dispatch principle. Transmission Planning is proposed to be done on the basis of projected load of the States and anticipated generation scenario based on economic principles of merit order operation.
Assessment of Offshore Transmission Tender Round 1 benefits (2014)CEPA Ltd
Ofgem has published their conclusions on the consultation relating to the evaluation of Offshore Transmission Owners (OFTO) Tender Round One (TR1). The consultation was based on a report by CEPA and BDO which assessed the benefits that TR1 may have created. Ofgem’s conclusions paper followed a workshop where CEPA presented the report to stakeholders and comments on the report were subsequently fed back to Ofgem.
Implementation of 500 MW Grid Connected Roof Top Solar PV System Scheme in Di...Harish Sharma
MNRE launched a pilot scheme for promotion of large scale grid-connected roof top solar PV projects and SECI has been designated as implementing agency for this scheme. The generated solar power may be utilized for captive application and the surplus power may be fed to the grid. The scheme aims to reduce the fossil fuel based electricity and make buildings self-sustainable from the point of electricity, to the extent possible.
The bidding process under this rooftop scheme is for 250 MWp capacity under PART-A (CAPEX Only); 200 MWp capacity under PART-B (RESCO Only) and 50 MWp under Part C (CAPEX Only), in different States of India. Bidder shall submit bids for the minimum aggregate bid capacity of 500 kWp under PART- A, 5 MWp and under PART-B and 100 kWp under Part C.
BID DUE DATE
The Bidder should submit the Bids so as to reach the address indicated below by 1430 hrs (IST) on or before 03/06/2016.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
The WhatsPump Pseudonym Problem and the Hilarious Downfall of Artificial Enga...
Tariff based competitive bidding for intra state trans. projects
1. Intra-State Tariff Based
Competitive Bidding for
Transmission Works
Compiled by Amitava Nag, SE,
Regulatory Affairs Cell, WBSETCL
Summery
As per Tariff Policy 2006, all Intra-State
Transmission Projects are to be taken up through
Tariff based Competitive bidding with effect
from 06.01.2013. Exemption from competitive
bidding route may be adopted in (i) first two
experimental works for 1200 kV HVDC lines (ii)
Works required to be done to cater an urgent
situation or which are required in a compressed
time schedule by STU as decided by the Central
Government on a case to case basis. (Ref. Tariff
Policy Amendment dated 08.07.2011). State has
been given option either to use VGF based MTA
document of Planning Commission or the
Standard Bidding Document of Ministry of
Power for procurement of intra-state
transmission services. For the VGF based
bidding, the unitary charges will require to be
approved by SERC prior to bidding. The above
said guidelines are for procurement of
transmission services to select transmission
service provider for a new transmission line. A
transmission charges for providing transmission
service and O&M required for the various
transmission elements shall form the basis for
bidding. Under the MTA, it has been decided
that the prospective bidders would be awarded
projects on the basis of lowest grant sought or
highest premium offered.
Guiding Principle
1. As per GoI Tariff Policy, all Intra-State
Transmission works are to be taken up
through Tariff based Competitive bidding
with effect from 06.01.2013. However
exemption from competitive bidding route
may be adopted as per Para 7.1 (6) (ii) (ref.
Amendment of Tariff Policy dated 8.7.2011)
where works required to be done to cater to
an urgent situation or which are required in a
compressed time schedule by STU as
decided by the Central Government on a
case to case basis.
2. STU/ Joint Venture Companies of STU are
also eligible to participate in the Tariff based
bidding.
3. Ministry of Power has evolved a Standard
Bidding Document which has been used by
some intra-state transmission projects. At
the same time, a VGF (Viability Gap
Funding) model has been evolved for intra-
state transmission projects for which a MTA
(Model Transmission Agreement) was
developed by the Planning Commission.
State has been given option either to use
VGF based MTA document or the Standard
Bidding Document for procurement of intra-
state transmission services. For the VGF
based bidding, the unitary charges will
require to be approved by SERC prior to
bidding. The experience of VGF based
MTA is to be reviewed after three years.
4. The above said guidelines are for
procurement of transmission services to
select transmission service provider for a
new transmission line.
5. State Government shall constitute an
Empowered Committee. The functions of
the Empowered Committee will be (a) To
identify projects (b) To facilitate evaluation
of bids and (c) To facilitate development of
projects.
6. Procurement of transmission services would
include all activities related to survey, DPR
(Detailed Project Report)/PP (Project
Profile) formulation, arranging finance,
project management, obtaining transmission
license, obtaining RoW, necessary
clearances, site identification, land
compensation, design, engineering,
equipment, material, construction, erection,
testing and commissioning, maintenance and
operation of transmission lines and/or
substations and/or switching stations and/or
HVDC links including terminal stations and
HVDC transmission line so that the facilities
2. are available as per target availability fixed
by SERC.
7. State Government may notify any
Organization/ State Public Sector
Undertaking especially engaged for this
purpose or BPC notified by the Central
Government to be the BPC (Bid Process
Coordinator) for State.
8. BPC would be responsible for coordinating
the bid process for procurement of required
transmission services for each intra-state
transmission project to be implemented
under tariff-based competitive bidding in
accordance with the guidelines.
9. The BPC shall prepare the bid
documentation in accordance with those
guidelines and obtain approval of the SERC
if any material deviation is proposed to be
made from Standard Bid Documents. BPC
shall specify scheduled month of
commercial operation and invite bids for
the transmission charge.
10. The bidder shall submit Technical & Price
bid (annual tariff payable after
commissioning till expiry of license period).
CERC has advised GoI to ask bidders to
quote bid for a period of 35 years. The
selected bidder should be obligated for
extension of his license two years before the
expiry of initial 25 years.
13. Tariff shall be designated in Indian Rupees
only.
14. Tariff structure will have two components-
one scaleable and other non-scaleable. Scaleable
component shall not be more than 15% of the
non-scaleable component.
15. The successful bidder shall be designated as
the TSP (Transmission Service Provider) after
executing TSA and acquiring Special Purpose
Vehicle {SPV (Ref. Electricity Rules 2005)}.
16. TSP shall seek transmission license from
SERC if it is not a deemed licensee.
17. TSP shall take-up execution, commissioning
and operation of the project as per specified
schedule in the TSA.
18. Recovery of transmission charges from the
users shall be as per the guidelines.
19. The final TSA along with the certification by
the Bid Evaluation Committee shall be
forwarded to SERC for adaptation of Tariffs in
terms of Section 63 of the Act.
Bidding Process
1. BPC shall intimate SERC about initiation of
the bidding process.
2. The bidding shall necessarily be by way of
ICB (International Competitive Bidding).
3. BPC shall publish the RFQ (Request for
Qualification) which is the first stage of
tender.
4. RFQ shall contain (i) Brief description of
the project (ii) Commissioning milestones to
be achieved by the bidders (iii) Qualification
requirements to be met by bidders including
technical experience, minimum net-worth,
internal resource generation, conditions for
license, etc with necessary proof of the
same.
5. RFP (Request for Proposal) the 2nd
stage of
tender shall be issued to all bidders who
have qualified at the RFQ stage. In case the
bidders seek any deviations and BPC finds
those deviations are reasonable, the BPC
may agree to such deviations and with the
approval of SERC BPC shall give the
revised bidding document to all who had
sought RFP document.
6. RFP shall contain (i) Specified target dates
for commissioning and commercial
operations (ii) Proposed TSA (iii) Discount
factor (iv) Bid bond as well as Contract
Performance Guarantee (v) Proposed
indemnification agreement between the TSP
and the utilities (vi) Liquidated damages that
would apply in the event of providing the
transmission services (vii) Technical,
operational and safety criteria to be met by
bidder including the provisions under
different rules/regulations under Act.
7. BPC may at its option adopt a single stage
two envelope tender process combining the
3. RFP and RFQ processes instead of two-
stage process.
8. A transmission charges for providing
transmission service and O&M required for
the various transmission elements shall form
the basis for bidding.
9. Under the MTA, it has been decided that the
prospective bidders would be awarded
projects on the basis of lowest grant sought
or highest premium offered. In these
projects, the state electricity regulators will
fix base unitary charges that will determine
the revenue stream for the project.
Evaluation of Bids
1. The State government shall constitute a
Bid Evaluation Committee for evaluation
of the bids.
2. The technical bids shall be examined to
ensure that the bids submitted meet
minimum eligibility criteria set out in the
bid documents on all technical evaluation
parameters. Only the bids that meet all
elements of the minimum technical
criteria set out in the bid documents shall
be considered for further evaluation on
the transmission charges bids.
3. Transmission charge bid shall be rejected
if it contains any deviation from the bid
documents for submission of the same.
4. Ratio of minimum and maximum
transmission charge over the term of
license shall not be less than 0.7 to avoid
excessive front loading or back loading
during the period of contract.
5. Foreign exchange risk, if any, shall be
borne by the provider of transmission
service.
6. The bidder, who has quoted the lowest
levelised annual transmission charge as
per evaluation procedure, shall be
considered for the award.
7. After selection and issue of LOI from the
BPC, the selected bidder shall acquire the
SPV, in accordance with the terms and
conditions as finalized in the bid
document.
8. The TSP shall make an application for
grant of transmission license to SERC
within one month of issuance of LOI or
signing of TSA, whichever is later.
9. The TSA will be effective only upon
grant of transmission license from SERC.
10. The final TSA along with the
certification by the Bid Evaluation
Committee shall be forwarded to the
SERC for adaptation of tariffs.
VGF (Viability Gap Funding) through
PPP in Transmission Projects
1. GoI recognizes that there is significant
deficit in the availability of physical
infrastructure across different sectors and
that this is hindering economic
development; whereas development of
infrastructure requires large investments that
cannot be undertaken out of public financing
alone, and that in order to attract private
capital as well as the techno-managerial
efficiencies associated with it, the
Government is committed to promoting
Public Private Partnerships (PPPs) in
infrastructure development; GoI recognizes
that infrastructure projects may not always
be financially viable because of long
gestation periods and limited financial
returns, and that financial viability of such
projects can be improved through
Government support. GoI formulated
Guidelines for Financial Support to PPPs for
providing financial support to bridge the
viability gap of infrastructure projects
undertaken through Public Private
Partnerships.
2. VGF scheme, finalised by the finance
ministry few years back to promote
investment in the infrastructure sector,
involves central assistance in the form of
grant for capital expenditure up to 20% of
the project cost, while the state government
being one of the owners could also provide a
matching grant with a ceiling of another
20% of the project cost.
3. All PPP (public-private partnership) projects
in the power transmission sector, including
intra-state transmission networks, will now
qualify for government grants under the
4. VGF scheme, making them attractive to
private sector investors.
4. A VGF (Viability Gap Funding) model has
been evolved for intra-state transmission
projects for which a MTA (Model
Transmission Agreement) was developed by
the Planning Commission.
5. The States also have the option to use VGF
based MTA (Model Transmission
Agreement) document of Planning
Commission for development of
Transmission System in their States under
PPP (Public Private Partnership) mode.
[Ref.No.15/1/2008-Trans GoI, MoP dated
2.5.2012]
6. Under the MTA, it has been decided that the
prospective bidders would be awarded
projects on the basis of lowest quote for
grant of VGF. In these projects, the state
electricity regulators will fix base unitary
charges that will determine the total
transmission charges for the project. Then
bids could be invited based on VGF. The
guidelines for determining base unitary
charge could be revised by the power
ministry from time to time in consultation
with the finance ministry and the Planning
Commission to prevent misuse of the VGF
provisions. The entire mechanism would be
reviewed after a period of three years.
7. This scheme will apply only if the contract/
concession agreement are awarded in favour
of a private sector company.
8. Contract or concession agreement will be
between Government or statutory entity,
Private sector company & Lead financial
institution.
9. Project cost does not include the cost of land
incurred by the government/statutory entity.
VGF based MTA (Model Transmission
Agreement) of Planning Commission
1. MTA provides the basis for optimal
utilization of resources on the one
hand and adoption of international
best practices on the other. The
objective is to secure value for
public money while providing
efficient and cost-effective services
to the users.
2. Three elements determine the
financial viability of transmission
projects are (i) Concession period
(ii) Unitary charge and (iii) Capital
costs
3. Concession period is required to be
fixed as 25 years (as per Electricity
Act 2003) plus 10 years
considering useful life (subject to
regulatory approval).
4. Unitary charge is to be determined
as per MTA (which is broadly in
line with prevailing transmission
tariffs)
5. Capital cost is the variable that will
determine the financial viability of
a transmission system. Adoption of
cost-effective specifications would,
therefore, be essential for reducing
capital costs in order to improve
viability.
6. The MTA suggests that the unitary
charge should not be fixed at a
level lower than 75% of the total
costs.
7. It has been stipulated that unitary
charge subsequent to the first year
of operation may be determined by
reducing the same to the extent of a
pre-determined percentage in the
band of 1 to 2 percent per annum.
8. The MTA provides for indexation
of the unitary charge to the extent
of 30% thereof linked to WPI
(Wholesale Price Index).
9. As an added incentive, the MTA
allows the concessionaire to create
additional capacity and appropriate
the transmission tariff from the
users of such capacity.
10. Capital subsidies alone may not
suffice in meeting the likely gap in
viability. One of the options can be
to provide development rights over
real estate for generating additional
revenue to make the project viable.
Therefore, provision kept in MTA
for real estate development. The
MTA provides 25% of revenue
5. would be shared with the Project
Authority.
11. Unlike the normal practice of
focusing on construction
specifications, the technical
parameters proposed in the MTA
are based mainly on output
specifications. Only the core
requirements design, construction,
O&M have been specified, leaving
enough room for the concessionaire
to innovate and add value. In sum,
the MTA focuses on ‘what’ rather
than ‘how’ in relation to the
delivery of services by the
concessionaire.
12. The MTA identifies the KPI (Key
Performance Indicators) relating to
operation of the transmission
system and stipulates penalties for
failure to achieve the requisite
levels of performance.
Concessionaire is required to
ensure the availability of system
capacity at normative levels. The
number of forced outages in a year
has been capped in order to ensure
system reliability. Transmission
losses of the transformers must also
remain within specified normative
levels.
13. The MTA stipulates stiff penalties
in case of false declaration by the
concessionaire.
14. For monitoring the KPI, monthly
status reports and inspections by
Independent Engineers have been
prescribed. The concessionaire is
also required to maintain the
requisite ISO certifications for the
transmission system.
15. Among the short listed bidders
(based on parameters such as
concession period, unitary charge,
technical parameters, performance
standards etc.) who seeks the
lowest grant or offers the highest
premium, as the case may be, shall
win the contract.
16. The commercial and technical risks
relating to construction, O&M are
being allocated to the
concessionaire. Political risks are
being assigned to the Project
Authority. The MTA provides for
extension of the concession of the
concession period in order to
compensate the concessionaire for
specified events. In case extension
cannot be granted, MTA provides
for a pre-determined monetary
compensation to be paid to the
concessionaire.
17. MTA stipulates a time limit of 180
days for achieving financial
closuree (extendable for another
120 days on payment of penalty),
failing which bid security shall be
forfeited.
18. Handing over possession of the
land required for construction of
sub-stations and obtaining of
environmental clearances are being
proposed as conditions precedent to
be satisfied by the Project
Authority before financial closuree.
19. Procurement of a transmission
license and other applicable permits
has been proposed as a conditions
precedent to be satisfied by the
concessionaire.
20. The MTA requires the
concessionaire to procure and
maintain right of way.
21. Additional works may be
undertaken within a specified limit,
but only if the entire cost thereof is
borne by the Project Authority.
22. Before commencing the
commercial operation the
concessionaire will be required to
ensure compliance with the
specifications relating to safety and
quality of service for the users.
MTA provides safety certification
by the designated Electrical
Inspector prior to COD and reviews
at regular intervals.
6. 23. O&M is proposed to be governed
by strict standards and any
violations would attract stiff
penalties.
24. MTA provides substitution rights to
lenders so that the concession can
be transferred to another company
in the event of failure of the
concessionaire to operate the
project successfully.
25. MTA contains the requisite
provisions for dealing with force
majeure events.
26. Upon expiry of the specified
concession period of 25 years, the
concessionaire would be entitled to
a termination payment equal to 40
times the monthly unitary charge.
However, the concessionaire would
have the right to seek an extension
of 10 years in the concession period
and in such an event, no
termination payment shall be due
and payable after expiry of the
extended period.
27. MTA provides for appointment of
additional or concurrent auditors to
play a critical role in ensuing
financial discipline.
28. The MTA addresses other
important issues such as dispute
resolution, suspension of rights,
change in law, insurance, defects,
liability, indemnity, redressed of
public grievances and disclosure of
project documents.
References
1. Government of India’s
(Ministry of Finance,
Department of Economic
Affairs)Scheme for
support to PPP in
Infrastructure July’2005
2. Government of India’s
(MoP) Tariff based
Competitive-bidding
Guidelines for
Transmission Service
3. Government of India’s
(MoP) Guidelines for
Encouraging Competition
in Development of
Transmission Projects
4. Government of India’s
(Ministry of Finance,
Department of Economic
Affairs) Guidelines for
forwarding proposals for
financial support to PPP
(Public Private
Partnerships) in
infrastructure under the
VGF (Viability Gap
Funding) Scheme.
5. Planning Commission’s
VGF based MTA (Model
Transmission Agreement)
for PPP in Transmission
System.