The Appellate Tribunal for Electricity (APTEL) in New Delhi has dismissed an instant appeal filed by SunE Solar B.V (a part of Sun Edison group) and upheld an earlier order by the Delhi Electricity Regulatory Commission (DERC) which allowed BSES and BPRL (Bharat Petroresources Limited) to carry out a reverse auction process for the procurement of renewable power.
BSES had issued a Request for Proposal (“RfP”) to procure long term power from renewable energy power projects using the bidding process. SunE Solar B. V was among the successful bidders and was issued an amended Letter of Intent (“LOI”) to procure power, given the tariff was approved by DERC.
However, BSES and BYPL requested DERC to withdraw the petition filed for tariff approval and initiate a fresh tender process procure power through a reverse bidding process. A new RfP was issued to procure power from RE power projects on a long-term basis. Read More