SECI had earlier
initiated a 1 GWh pilot tender under the CfD construct to facilitate reliable
renewable power supply during periods of peak demand. The proposed 10 GW
framework would expand the application of the mechanism and support greater
flexibility in power procurement, integration of renewable energy and storage,
market participation and efficient utilisation of available generation
resources. The
framework could also bring renewable and storage developers, generators,
traders, power exchanges, discoms and large consumers into new market-linked
contracting and participation models.