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PROCUREMENT OF HYDRO POWER (Eligible for HBO) ON SHORTER BASIS THROUGH TARIFF BASED COMPETITIVE BIDDING PROCESS (As per Guidelines for short term (i.e. for a period of more than one day to one year)
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01
Identify the specific requirements for the hydro power procurement project.
02
Create a detailed procurement plan outlining the process and timeline for the project.
03
Issue a request for proposal (RFP) to potential suppliers, specifying the terms and conditions of the procurement.
04
Evaluate the proposals received based on criteria such as cost, quality, and supplier qualifications.
05
Select the supplier that best meets the project requirements and negotiate a contract.
06
Monitor the procurement process to ensure timely delivery and compliance with the contract.

Who needs procurement of hydro power?

01
Governments looking to increase renewable energy sources in their energy mix.
02
Energy companies seeking to diversify their energy sources.
03
Industrial facilities looking to reduce their carbon footprint and energy costs.
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Procurement of hydro power is the process of obtaining electricity generated from hydroelectric power plants.
Entities involved in the procurement or sale of hydro power are required to file procurement reports.
The procurement of hydro power can be filled out online or through paper forms provided by the relevant regulatory authority.
The purpose of procurement of hydro power is to ensure transparency in the transactions and pricing related to hydroelectric power generation.
Information such as the quantity of hydro power purchased, prices paid, and details of the parties involved must be reported in the procurement of hydro power.
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