Union Power Ministry launches portal for electronic bidding

Union Power Ministry has launched a portal for electronic bidding and e-reverse auction of tariff-based electricity transmission projects to enhance transparency in transmission sector. The portal is launched to mark a shift from present manual auction process to electronic mode for determining the lowest bidder for the projects. 

Launching the portal in New Delhi yesterday, Power Minister Piyush Goyal said that on the lines of coal sector, reverse auction is being



introduced in transmission sector to facilitate better price discovery in such projects.

The Minister also launched 'TARANG' (Transmission App for Real Time Monitoring and Growth) Mobile App to monitor execution of the under construction power transmission projects. 

Mr Goyal said, TARANG is a powerful monitoring tool that tracks upcoming transmission projects and monitor the progress of Inter-State and Intra-State transmission systems in the country.