Power Min Launches Power Transmission Projects E-Auction Portal

Power Minister Piyush Goyal on Wednesday launched the process of tariff-based reverse auction in the transmission sector, simultaneously inaugurating a portal for electronic bidding for transmission projects.

He launched the “Tarang” mobile App, “e-Trans” and “DEEP” (Discovery of Efficient Electricity Price) e-bidding web portals developed by Rural Electrification Corp, saying that reverse auction is being introduced in transmission sector on the lines of coal sector in order to facilitate better price discovery in such projects.

The web portal marks a shift from the current manual auction process to the electronic mode for determining the lowest bidder for the projects.

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