Will take strict action on delay in power projects: RK Singh
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Singh said that all these projects (power projects) have been won under the bidding process and if they miss the Scheduled Commercial Date of Operation (SCOD), the developer concerned will be barred from participating in the bidding process for a project for one year. will be barred from.
New Delhi. Power and New & Renewable Energy Minister RK Singh has warned of strict action against developers who do not complete power projects on time. Addressing the conclave of the Confederation of Indian Industry (CII) on Thursday, Singh said action will be taken against any developer who misses the date or deadline for starting commercial operations. He said that augmentation of power generation capacity is a major challenge as many of the projects won under the bidding process are not being completed by the respective developers.
Singh said that all these projects (power projects) have been won under the bidding process and if they miss the Scheduled Commercial Date of Operation (SCOD), the developer concerned will be barred from participating in the bidding process for a project for one year. will be barred from. The minister said that in case of second such incident, the developer would be banned for five years. He said that he would include this rule in the policy.
He said that the developers of power projects are waiting for the demand to increase, but it will not happen. Singh also said that until battery energy storage becomes viable, India will have to add thermal power capacity to meet the demand. He explained that at present battery storage is Rs 10 per unit and the rate of energy is Rs 2.30.
Disclaimer:IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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