Daily News Wrap-Up: Regulator Issues Measures to Reduce Grid Frequency Fluctuations
The UK government has opened a consultation introducing a carbon price on imports
April 11, 2023
The Central Electricity Regulatory Commission has issued regulations to limit frequency fluctuations within the operating band in the interest of grid security. The regulator has set the standard rate of charges for deviation for a given time block. This rate will be determined by taking the higher of two weighted averages: the average clearing price (ACP) of the day ahead market segments of all power exchanges for that time block or the average ACP of the real-time market segments for all power exchanges for that time block. However, this rate will not exceed ₹12 (~$0.15)/ kWh until further notice.
The UK government has recently opened a consultation on a range of potential policy measures, including a carbon border adjustment mechanism (CBAM) on the lines of the one proposed by the European Union to mitigate future carbon leakage risk. Besides the proposed carbon tax on imports into the UK, which could dent India’s exports, the government is also mulling mandatory product standards. According to the consultation documents, CBAM would introduce a carbon price on imported products. This would reflect the carbon emitted in their production and the gap between the carbon price applied in the country of origin and what it would be
NTPC has invited bids for the Engineering, Procurement, and Construction of a 300 MW solar project at the Khavda Renewable Energy Power Park in Gujarat. The scope of the work includes design, engineering, manufacturing, supply, packing and forwarding, transportation, uploading storage, installation, testing, and commissioning of the solar project, including the supply of solar modules. The last date for the submission of bids is May 26, 2023. Bids will open on the same day.
NLC India has invited bids to develop 200 MW of the interstate transmission system (ISTS)-connected solar projects on a pan-India basis. The project must be completed within 15 months from the date of the letter of award. The successful bidder must undertake the operation and maintenance of the project for three years. The last date to submit the bids is May 9, 2023. Bids will be opened on the same day. Bidders must submit ₹54.7 million (~$667,724) as bid security.
The Indian Railways has invited bids to develop a 1 MW rooftop solar project at a facility in the Central Railway’s Nagpur Division. The project will be implemented through a Public-Private Partnership (PPP) and follow the Design, Build, Finance, Operate, and Transfer (DBFOT) model. The successful bidder will also be responsible for operating and maintaining the systems for 25 years after the projects have been commissioned. The last date for the submission of bids is May 8, 2023. Bids will open on the same day. The bid will be valid for 180 days starting from the date of the opening of the techno-commercial bid.
Asian Development Bank (ADB) said it would invest in non-convertible debentures worth ₹1.5 billion (~$18.2 million) issued by Tata Power Delhi Distribution Limited, the distribution unit of Tata Power. Additionally, the partnership will partially fund a 10 MWh pilot battery energy storage system (BESS) through a $2 million grant. It would be South Asia’s first grid-scaled energy storage project at the distribution transformer level. The financing will also be used to install smart meters and replace outdated electrical equipment and meters. This is aimed at improving the overall efficiency and effectiveness of the power distribution system.
Solar, storage, and wind projects account for 95% of over 2 TW of all proposed generation capacity awaiting connection to the grid in the United States at the end of 2022, the Lawrence and Berkeley Laboratory report said. The average time of queued renewable projects seeking connection to the power grid increased significantly by over 40% in 2022. Over 10,200 proposed clean energy projects, representing a generation capacity of 1.3 TW and 680 GW of storage projects, actively await permits for connection with the grid, piling the capacity in the interconnection queues that have kept the construction work at bay.
Indian Oil Corporation has invited bids for the annual operation and maintenance contract of a 1001.3 kW rooftop solar system installed at its Paradip Refinery and Township in Odisha. The last day to submit the bids is May 24, 2023. Bids will be opened the next day. Bidders must submit an earnest money deposit of ₹82,400 (~$1,005). If the bidder has completed one similar work, the cost should not be less than ₹4.1 million (~$49,541). For two similar jobs, each should not cost less than ₹3.3 million (~$39,608) and not cost less than ₹2.5 million (~$29,676) for three similar works.