Guide on submission of SPO

To participate in SPO, the successful registered bidder has to login into our web site

http://www.mstcecommerce.com/auctionhome/shakti/indexr2.jsp with his userid and

password.

After login the home page will open.

Click on the link Submit SPO

On the next page the SPO link appears. To bid in the SPO a bidder has to click on the SPO number. On

clicking the SPO number expression of interest page will open.

The reverse auction shall be conducted in rounds. The number of rounds shall be decided

before the start of the auction.

Each round shall have two phases – (a) first five minutes when the bidder will be given theoption to express its willingness to bid in the round and (b) the next ten minutes where thebidder shall quote the bid quantity against the source of its choice.

The expression of interest page will have two options “Yes” and “Skip”. In case bidder is not willing to

participate in the present round he may simply press the “Skip Button”.

The submission of expression of interest by pressing the Skip button needs to be signed by your DSC.

After signing the following page shall open.

The actual round number will be mentioned. In the above screen the screen shot is for round no 1.

In case a bidder wants to participate in a round press the Yes Button. Again the express of interest will

have to sign by registered DSC. After signing the following page will open.

The actual round number will be mentioned. In the above screen the screen shot is for round no 1.

It may be noted that the bidders had a time period of 5 minutes in which the bidder has to submit his

expression of interest. After submission of interest the bidder will have to wait for the remaining period

till total 5 minutes have exhausted. Once the 5 minutes have exhausted the SPO auction floor will open.

Maximun Allocable Quantity (tonnes)

Net Allocable Quantity (tonnes)

Balance EMD (Rs)

Round NoDiscount Value

Source

Grade

Balance

Avaliable

Qty

Bidders max

Balance Eligible

Qty

Bid

Quantity

Provisional

Allocation

To participate in the SPO a bider has to enter the Quantity which he intends to bid and then press the

Bid button. The bid needs to be signed by the registered DSC.

The auction floor will be available for the bidders for 10 minutes and the bidder has to enter the

quantity which the bidder intends to book during the 10 minutes.

The rules of bidding are as follows.

I. Minimum Bid Quantity = 4000II. Multiple of Bid Quantity = 100

III. A bidder can submit only one bid against a source; BID button to get disabled after onebid has been submitted.

IV. A bidder can’t bid against a source in a round for which it has already submitted a bid inearlier round or some quantity has been allotted to the bidder from that source throughIPO. BID button to remain disabled for the bidder for that source.

V. Every bid has to be digitally signed by the bidder.VI. Value of Bid Quantity should be less than or equal to the (lowest of My Max Balance

Eligible Qty for the source or Balance Available Qty for the source or Net AllocableQuantity for the auction).

VII. A bidder can’t bid for quantity more than his balance EMD.

VIII. Once a bidder successfully submits a bid in a round for a source and some quantity isallotted to him, the source shall become unavailable for the bidder for all subsequentrounds. The BID button against the source may be permanently disabled once somequantity has been allotted to a bidder.

After the closure of a round expression of interest (first 5 Minutes) and reverse auction (10minutes) there will be a gap of 1 second in which the screen will appears a follows.

The moment 1 second is over, on the next screen the expression of interest for the next round will open.

The bidder will have to follow the process of bidding as explained above. In case after expiry of one

minute the page for submission of interest for next round does not opens a bidders may go to his home

page and again open the Submit SPO link in the home page.

Conclusion of Auction

The Auction shall come to an end, on the earliest of the following:

(a) The Maximum Allocable Quantity being provisionally allocated;

(b) The Balance Maximum Allocable Quantity or the Net Allocable Quantity, as the case may be, is lowerthan 100 TPA;

(c)The SPO Discount reaches 4 paise/kWh, which shall be the last round of the SPO Stage;

(d) There are no Eligible Bidders left in the Auction;

(e) The Maximum Eligible Quantity of all the Eligible Bidders has been provisionally allocated; or

(f) The Balance Maximum Eligible Quantity of each Eligible Bidder is lower than 100TPA