Generating companies may get to invite bids from discoms to sell power
NEW DELHI: India for the first time may allow electricity generation companies to call bids from state distribution companies to sell power.
The move is aimed at introducing market-based price discovery for electricity and curbing nontransparent bilateral ties between states and power plants that are not recognised under the Electricity Act, according to the proposal from the power ministry.
The proposal has, however, evoked mixed response from the industry.
