Piyush Goyal launches e-Auction Portal for Power Transmission Projects
The Union Power Minister Piyush Goyal on Wednesday launched a portal for electronic bidding and e-reverse auction of tariff-based electricity transmission projects to enhance transparency in transmission sector.
The Minister launched the ‘TARANG’ (Transmission App for Real Time Monitoring and Growth) Mobile App , “e-Trans” and “DEEP” (Discovery of Efficient Electricity Price) e-bidding web portals developed by Rural Electrification Corp, 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, 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.
Goyal also 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.http://www.goinews.com/2016/08/18/piyush-goyal-launches-e-auction-portal-power-transmission-projects/PowerMobile App,Piyush Goyal,Power Transmission Projects,TARANG