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HomeGlossaryPower & Energy Procurement

Power & Energy Procurement

Plain-language definitions of every Power & Energy Procurement term that shows up in government tender work.


Power & Energy ProcurementPPA

Power Purchase Agreement (PPA)

A long-term contract between a power generator and a buyer (typically a distribution company) specifying the terms, price, and quantity of electricity to be purchased over 25 years.

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Power & Energy ProcurementREC

Renewable Energy Certificate (REC)

A market-based instrument that represents the environmental attributes of one megawatt-hour of electricity generated from renewable energy sources.

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Power & Energy ProcurementSECI

SECI (Solar Energy Corporation of India) Tenders

Tenders issued by India's premier renewable energy procuring agency for large-scale solar, wind, and hybrid energy capacity, structured as long-term power purchase agreements.

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