Government Amends Bidding Guidelines For Wind Power Projects

It is learnt that the Central Government has made certain amendments to the bidding guidelines for wind power projects to fast-track such projects. High lights of some of the amendments is as follows :
-    Timeline for land acquisition for wind power projects has been extended from 7 months to scheduled commissioning date i.e. 18 months
-    Window for revision of declared CUF (capital utilization factor) of wind power project has been increased to three years. The declared CUF is now allowed to revise once within three year of commercial operation date, which was earlier allowed within one year only
-    The penalty on shortfall in energy corresponding to the minimum CUF has now been fixed at 50 per cent of the PPA tariff for the shortfall in energy terms liable to be paid by the wind power generator to the procurer. Further, the penalty shall be passed on by the intermediary procurer to the end procurer after deducting the losses of intermediary procurer
-    In cases of early part commissioning, the procurer may purchase the generation, at full PPA tariff