Memorandum of Agreements signed for first wind auction Scheme

Memorandum of Agreements signed for first wind auction Scheme

Question: The wind turbines convert wind’s ….. into electrical power.
(a) Kinetic energy
(b) Static energy
(c) Thermal energy
(d) None of the above.
Ans: (a)
Related Fact :

  • On May 04, 2017, PTC India, the trading company, and Discoms of Uttar Pradesh, Bihar, Jharkhand, Delhi, Odisha and Assam signed the Memorandum of Agreements (MoA) for purchase of 1000 MW wind power under MNRE’s first wind auction Scheme.
  • The signing ceremony took place during the two days Conference of Power, New & Renewable Energy & Mines Ministers of States and UTs.
  • As per MoA the Discoms of UP will buy 449.9 MW, Bihar- 200 MW, Jharkhand – 200 MW, Delhi – 100 MW, Assam – 50 MW and Odisha – 50MW of wind power for meeting their non-solar Renewable Purchase Obligation (RPO).
  • The Letter of Award (LoA) to the successful wind power developers under the first wind auction scheme have been issued by Solar Energy Corporation of India (SECI) on 5 April 2017 and the projects are to be commissioned within 18 months from the date of issue of LoA.
  • This was the first time such auction process was done in the country for wind power through e-reverse auction and its success can be seen from the fact that a record low tariffs of Rs. 3.46 per kWh was obtained.
  • With the success of first wind auction scheme, MNRE today launched Scheme for another round of wind auction for 1000 MW capacity wind power projects.

Related Links:
http://pib.nic.in/newsite/PrintRelease.aspx?relid=161539
http://energy.economictimes.indiatimes.com/news/renewable/power-minister-piyush-goyal-announces-1000-megawatt-wind-energy-auction-scheme/58514677