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INDIAN AFFAIRS
BSES TO PROCURE 700 MW OF ‘GREEN ENERGY’
January 7, 2016
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1.Delhi’s Reliance Infra-backed power distribution company BSES on Wednesday announced plans to procure 700 MW of “green energy” for the city, in one of the largest such initiatives in the private sector.

2.The company said it has decided to procure both solar and non-solar power at under Rs. 5 per unit through the “reverse auction” route to ensure an “extremely competitive” rate to benefit the consumers.

3.The reverse auction route for procuring power is being taken to reduce the cost by Rs. 200 crore annually.