Government amends norms to allow gencos to replace thermal power with RE under existing PPAs

The MoP and the Ministry of New and Renewable Energy (MNRE) have iss­ued a revised scheme for flexibility in generation and scheduling of thermal/hydropower stations through bundling with renewable energy and storage power. The revised norms will enable the replacement of thermal power with renewable energy under existing power purchase agreements (PPAs). This is a part of the larger efforts to have 500 GW of clean en­ergy ge­ne­ration capacity by 2030. As the cost of renewables is lower than that of thermal power, the gains from the bundling will be shared between the generator and the discoms or other procurers on a 50-50 basis.