New Delhi, Aug. 26 (PTI): The ministry of new & renewable energy (MNRE) today said its guidelines for tariff based bidding for procuring solar power would reduce risk, enhance transparency and increase affordability. The MNRE had issued the new guidelines for tariff based competitive bidding process on August 3. "New guidelines for tariff based competitive bidding process to reduce risk, enhance transparency and increase affordability of solar power," the ministry said in a statement. This will also help to reduce off-taker risk and encourage investments, enhance bankability of the projects and improve profitability for the investors, it said. The "must-run" status for solar projects has been stressed upon.

Source: The Telegraph August 26, 2017 18:20 UTC