Govt Notifies Operational Guidelines for Designating Renewable Energy Implementing Agencies
The Ministry of Power has issued fresh guidelines to formalise the designation of Renewable Energy Implementing Agencies (REIAs), aiming to streamline power procurement and accelerate India’s clean energy deployment under the TBCB mechanism. SECI, NTPC, NHPC and SJVN will continue to remain REIAs.
June 30, 2025. By Mrinmoy Dey
According to the Ministry, REIAs serve as critical market enablers, facilitating project bidding, signing power sale agreements (PSAs) with developers, and power purchase agreements (PPAs) with distribution licensees or consumers. The designated REIAs are also tasked with ensuring payment security mechanisms for developers.
The applicant companies seeking REIA status must be registered under the Companies Act, 2013. It must possess a valid Category-I electricity trading license from the Central Electricity Regulatory Commission (CERC).
Further, the company must have a net worth exceeding INR 500 crore, and maintain a long-term credit rating of A or above. Additionally, the applicant company must have approval of its Board of Directors for designating the company as REIA.
Procurement by REIAs will be conducted exclusively via e-bidding platforms as prescribed by the CERC. Until such platforms are specified, existing government-backed e-procurement systems with proven security and performance may be used. Importantly, REIAs and their subsidiaries are barred from participating as bidders in the tenders they manage, mentioned the notification from Ministry of Power.
“ln case there is any change in ownership of the company designated as REIA, merger/demerger of company etc., the eligibility criteria shall always to be maintained after change in ownership, merger and/or demerger,” it said.
The guidelines also establish a five-year designation period for REIAs, with the central government retaining the authority to revoke the designation in cases of non-performance. Companies will remain accountable for all agreements entered into during their REIA tenure, even after termination.
The Ministry has clarified that existing REIAs – namely SECI, NTPC, NHPC and SJVN Ltd, will continue under previously issued orders.
This move is expected to bolster confidence among private developers and DISCOMs, drive competitive tariffs, and accelerate the nation’s transition towards a cleaner energy future.
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