State-run Uttar Pradesh Power Corporation Limited (UPPCL) will procure the electricity generated from the solar plant under a 25-year power purchase agreement.
The power produced by NTPC (40 MW) and Sukhbir Agro Energy (32 MW) will be purchased by Uttar Pradesh Power Corporation Limited at tariffs of Rs 3.02/KWh and Rs 3.05/KWh, respectively, for a period of 25 years.
The deals will pave the way for four new solar parks that are set to be commissioned towards the end of next year.
The Solar Energy Corporation of India Limited (SECI) has announced 275 MW worth of grid connected solar PV plants in Uttar Pradesh at six different locations, under the National Solar Mission of Phase-II, Batch-IV.
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