Beginning
from scratch in the post-independence period, the power sector of India
has indeed evolved to be one of the most diversified energy sectors of
the world. Its compliance with the gradual advancement in technologies
and adopting effective and advantageous measures has brought it to this
stature.
In a recent development, the Power Sector of India under
the dynamic leadership of Shri. Piyush Goyal, Union Minister of State
for Power, Coal, and Non- Renewable Energy, gave a nod for the execution
of the tariff based reverse auction process for the transmission sector
on August 17th, 2016. He simultaneously launched several online portals
for electronic bidding of transmission projects.
The online
internet portals named e-trans and DEEP (Discovery of Efficient Energy
Price) have been developed by the Rural Electrification Corporation
Transmission Projects Company Limited (RECTPCL), a subsidiary of REC
Ltd. Their launch confirms the transition of the manual auction process
to an electronic mode for determining lowest bids on projects and also
aims at enhancing transparency, fair play, and uniformity in the power
transmission sector, by initiating a nationwide procurement process.
The
move also welcomes bids from the private and public sector companies to
engage in inter-state power transmissions projects. The DEEP e-Bidding
portal allows a time period of 1-5 years for purchasing power. Earlier
this time period extended only from one day to one year. However, this
time the facility has been prolonged for long-term power purchase beyond
five years. The primary reason as to why the time period stands
extended from 1-5 years is because the complete bidding process and cost
of procuring power is expected to be cut down substantially, which may
significantly benefit the end consumer.
To facilitate the process,
and make the tariff based reverse auction a successful endeavor, a
mobile application technology was developed in the name of "TARANG". It
will be based on the lines of coal sector for enabling better price
discovery for the new projects.
The App Tarang (Transmission App
for Real-Time Monitoring and Growth), is a powerful weapon that assists
in the tracking of upcoming new transmission projects and efficiently
monitors the progress and growth of Intra and Inter States Transmission
Systems spread across the nation. It is pioneered through a regulated
and defined tariff mechanism as well as a Tariff Based Competitive
Bidding Route. The app also provides information on transmission
projects that are delayed/ not completed on time and also highlights the
factors that are causing a hindrance in their completion.
Thus,
on the whole, the process is a much sorted one, which aims at ensuring
free flow in the system through the tools of accountability and
transparency. Moulded in a very pragmatic and analytical approach, it
focuses towards cutting down power costs significantly and boosting the
confidence of investors and believes that the move will definitely yield
a positive long term impact on the sector.
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