The 500 MW solar auction cancellation by Uttar Pradesh comes as the latest blow to developers after a similar experience in Gujarat recently. Industry body NSEFI wants the central government to direct the state government to stop cancellation and issue the capacity to winning developers.
The State-owned hydropower producer will sell the electricity generated from the solar project to Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) under a 25-year power purchase agreement. Tariff is fixed at INR 2.68/kWh (US$0.037/kWh).
Solar power generators have until June 15 to bid for the development of projects on a build-own-operate basis. The ceiling tariff payable for the electricity generated has been fixed at INR 3.10/kWh.
Following a 140 MW solar capacity, the EPC contractor has commissioned an additional 85 MW for NTPC at Bilhaur in the Kanpur district. This takes the total project capacity to 225 MW, making it the State’s largest single-site PV plant.
Developers now have until May 18 to bid for setting up the capacity in the Uttar Pradesh Solar Park. Technical bid shall be opened on May 19.
US investor KKR-backed Virescent Infrastructure has acquired Singapore-based Sindicatum Group’s operating solar assets in three Indian states. The acquired PV projects benefit from long-term power purchase agreements with government counterparties.
The state-run power producer has commissioned the remaining 15 MW capacity of the 85 MW Bilhaur solar project.
The latest addition in Chitrakoot follows the commissioning of a 25 MW solar plant in January this year.
Developers now have until April 27 to bid for the capacity in the Uttar Pradesh Solar Park. Technical bid shall be opened on April 28.
Developers now have until April 15 to bid for setting up the capacity on a ‘build-own-operate’ basis. The capacity shall come up in the Uttar Pradesh Solar Park.
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