E-Trans and DEEP E-Bidding portals for electronic bidding and electronic reverse auctions

Starting from scratch in the post-independence period, India’s energy sector has evolved to become one of the most diversified energy sectors in the world. His compliance with the gradual advancement of technologies and the adoption of effective and advantageous measures has brought him to this stature.

In a recent development, the Indian Power Sector under the dynamic leadership of Shri. Piyush Goyal, Union Minister of State for Energy, Coal and Non-Renewable Energies, gave his approval for the execution of the tariff-based reverse auction process for the transmission sector on August 17, 2016. Simultaneously, he launched several portals on line for electronic tenders. of transmission projects.

Online internet portals called e-trans and DEEP (Discovery of Efficient Energy Price) have been developed by Rural Electrification Corporation Transmission Projects Company Limited (RECTPCL), a subsidiary of REC Ltd. Their launch confirms the transition from the manual auction process to an electronic mode to determine the lowest bids on projects and also aims to improve transparency, fair play and uniformity in the power transmission sector, by initiating a nationwide contracting process.

The measure also welcomes offers from public and private sector companies to participate in interstate power transmission projects. The DEEP electronic offer portal allows a time period of 1 to 5 years for purchasing power. Previously, this period of time extended only from one day to one year. However, this time the installation has been extended for long-term power purchases beyond five years. The main reason why the time period is extended from 1 to 5 years is because the entire bidding process and the cost of energy acquisition are expected to be substantially reduced, which can significantly benefit the end consumer.

In order to facilitate the process and make the fee-based reverse auction a successful endeavor, a mobile application technology by the name of “TARANG” was developed. It will be based on the lines of the coal sector to allow better price discovery for new projects.

Tarang App (Transmission App for Real Time Growth and Monitoring) is a powerful weapon that helps in tracking upcoming new transmission projects and efficiently monitors the progress and growth of spread intra and interstate transmission systems. all over the country. It is a pioneer through a regulated and defined rate mechanism, as well as a Rate-Based Competitive Bidding Path. The app also provides information on transmission projects that are delayed or not completed on time and also highlights the factors that are hindering their completion.

Therefore, in general, the process is very orderly, and aims to ensure free flow in the system through the tools of accountability and transparency. Molded on a very pragmatic and analytical approach, he focuses on significantly reducing energy costs and increasing investor confidence and believes that the move will definitely have a long-term positive impact on the sector.