The bidding model has also been modified from electronic reverse bidding where the participants could reduce their offer price to bag the contracts at the lowest bid. The industry had complained that led to an artificial lowering of prices. Bidders will now not be required to revise their quoted tariff for the sale of power - a key parameter for the award of the contract.
from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/VG4LOfo
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