27 August 2019 | BRIDGE TO INDIA
The Ministry of Power has constituted a new panel to examine “deepening of the power markets in India.” The panel comprises representatives from the Ministry of Power, CERC (India’s chief power regulator) and CEA (Central Electricity Authority). Its mandate is to examine the current power procurement model in India, heavily biased towards long-term PPAs, benchmark it against international norms and make recommendations to improve efficiency and competitiveness of the power market.
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