Details of the Transaction (Including unique traits, if any)
Auction of Power System Development Fund (PSDF) Support – Ministry of Power, Government of India had engaged SBICAPS as a Sole Transaction Advisor on nomination basis through GAIL for assisting in allocation of earmarked Power System Development Fund (PSDF) and re-gasified LNG for revival of stranded gas based power plants under the Scheme for Utilization of Gas Based Generation Capacity.
SBICAPS role
SBICAPS assisted in evolving auction methodology, auction design and auction processes. SBICAPS had the chief responsibility for smooth end-to-end execution of e-auction.
Key Learnings
- Interaction with stakeholders at the highest levels
- Devising mechanisms to enhance competition
- Application of novel auction techniques