Responding to developers’ requests, Uttar Pradesh New & Renewable Energy Development Agency (UPNEDA) has extended the bidding for 275 MW of grid-connected solar capacity in Uttar Pradesh Solar Park.
The revised deadline now stands as March 11.
UPNEDA also reduced the tariff ceiling to INR 3.00/kWh in a pre-bid meeting from INR 3.25/kWh set earlier. The tariff shall be applicable for the 25-year power purchase agreement duration.
The developers have requested to maintain the maximum tariff at INR 3.25/kWh considering the recent increase in prices of modules, inverters, cable, structure, copper, etc.
The tender inviting global bids was issued on January 29. 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.
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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