Launch of TARANG, e-Trans and DEEP.

Launch of ‘TARANG’ ‘e-Trans’ & ‘DEEP’

(Topic: Government policies and scheme and interventions for development in various sectors and issues arising out of their design and implementation)

About- Union Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines launched the ‘TARANG’ Mobile App, ‘e-Trans’ & ‘DEEP’ e-bidding web portals, developed by Rural Electrification Corporation Transmission Projects Company Limited (RECTPCL), a subsidiary of REC Ltd, in New Delhi.

Aim- To enhance transparency in power transmission sector of the country by launching

TARANG- a powerful monitoring tool that tracks upcoming transmission projects and monitors the progress of Inter-State & Intra-State transmission systems in the country, being developed through Regulated tariff mechanism as well as Tariff Based Competitive Bidding (TBCB) route.

• ‘TARANG’ (Transmission App for Real Time Monitoring & Growth) Mobile App & Web Portalhas been developed by RECTPCL, under the guidance of Ministry of Power.
• Introduction of the electronic platform shall enhance ease, accountability & transparency and would boost confidence of investors in power transmission sector.
• Better price discovery shall ultimately benefit the power consumers in India.
• TARANG shall also include status of stalled/delayed transmission systems in country which would enable the stakeholders viz. Ministry of Power, State Governments, all private sector transmission developers and PSUs like Power Grid Corporation of India Ltd., for expeditious completion of such projects.
• Green Energy Corridors, an important component of our renewable energy mission, would also be monitored through TARANG and help to meet our ambitious targets in same on time.

e-Trans- web platform for e-bidding and e-reverse auction for Tariff Based Competitive Bidding (TBCB) in transmission projects

DEEP-

• Launch of the ‘DEEP (Discovery of Efficient Electricity Price) e-Bidding’ portal for medium term (1-5 years) purchase of power
• Portal will provide a common e-bidding platform with e-reverse auction facility to facilitate nation-wide power procurement through a wider network so as to bring uniformity and transparency in the process of power procurement.

Benefits-

• Introduction of e-Bidding and e-reverse auction process for medium term (1-5 years), the time span of the complete bidding process and the cost of procurement of power is expected to be reduced substantially, thereby significantly benefiting the ultimate consumers.
• System of e-reverse auction is being introduced with concept of L-1 matching. The provision of multiple progressive bidding based on the fuel choice has also been incorporated in the system.

 Source Iasbaba