Uttar Pradesh New & Renewable Energy Development Agency (UPNEDA) has invited global bids from developers to set up 275 MW of grid-connected solar projects in the Indian State of Uttar Pradesh.
The projects—to be set up on a build-own-operate basis—shall come up in the Jalaun District’s four locations (225 MW) and Kanpur Dehat (50 MW) in Uttar Pradesh Solar Park.
The projects shall be awarded based on international competitive bidding followed by reverse auction.
The Uttar Pradesh Power Corporation Ltd (UPPCL), on behalf of State Discoms, shall enter into a power purchase agreement (PPA) with the successful bidder for a period of 25 years.
The maximum tariff payable to the project developer is fixed at INR 3.25/kWh for all 25 years.
Developers must quote a single tariff for all the projects applied for, which shall be applicable for the entire PPA period.
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