Wind energy project e-reverse auctions to begin: Secretary MNRE

15 Jul 2022 CW Team

Renewable energy secretary Indu Shekhar Chaturvedi said that the government has agreed in principle to halt electronic reverse auctions of wind power projects. The e-reverse auctions for other renewable projects would also be suspended because the ministry has agreed in principle with the industry's claims that such bidding leads to unhealthy competition.

"A preliminary decision has been made. The industry has complained that e-reverse auctions are causing tariffs to be artificially lowered, resulting in "unhealthy competition." He made the remarks at a CII conference on India@2030: A Roadmap for Atmanirbhar Bharat in RE.

He further stated that the government would follow the customary single bidding process for wind projects.

"If the e-reverse auction for wind is being taken down on transparency concerns, how can it be sustained for other renewable energy projects," a senior executive of a company said.

In e-reverse auctions, bidders continue to lower their bids as they would in a traditional auction. The NDA government pioneered e-reverse auctions using LED lamps and expanded them to include coal, solar, and wind power auctions.

Infrastructure Urban

30 May 2026

Dreamfly Named Among 100 Desi Deeptechs

Dreamfly Innovations has been recognised among the ‘100 Desi Deeptechs’, an initiative by Startup Policy Forum in collaboration with MeitY Startup Hub, Startup India and Indian Institute of Technology Madras. The initiative highlights founders and companies building core technologies critical to India’s long-term growth and self-reliance.The cohort includes startups working across drones and aerospace, defence technology, cleantech, robotics, semiconductors, advanced manufacturing and electric mobility. It aims to bring deeptech founders and policymakers together to strengthen India’s ..

Vedanta Secures AA+ Rating from ICRA

Vedanta Group has received its highest domestic credit rating in over a decade after ICRA upgraded the long-term ratings of Vedanta Limited and Vedanta Aluminium Metal Limited to AA+ with a Stable outlook. Talwandi Sabo Power Limited was also upgraded to AA-/Stable from A+/Watch Developing, while the group’s short-term rating was reaffirmed at A1+.The rating action marks Vedanta’s highest domestic credit rating since 2014. Vedanta Limited and Vedanta Aluminium Metal Limited, two of the largest entities emerging from the demerger, together account for over 75 per cent of the group’s long-..

Netrasemi Launches Edge AI Chip A2000

Fabless semiconductor startup Netrasemi has launched its flagship Edge AI system-on-chip, A2000, after achieving successful silicon bring-up. Fabricated at TSMC’s 12 nm technology node, the chip is designed for on-device AI, smart vision, real-time video analytics and secure edge computing.A2000 features Netrasemi’s in-house Neural Processing Unit, Vision Processing Unit, Image Signal Processor, crypto engines and other hardware acceleration IP cores. It also uses the company’s patented heterogeneous graph-stream parallel processing architecture.The chip targets applications such as smar..