Uttar Pradesh energy sector watchdog has cut solar power tariffs and allowed the state power utilities to procure 500 megawatt (Mw) of solar power through competitive bidding.
In its order, UP Electricity Regulatory Commission (UPERC) approved tariff and power purchase agreements for procuring 500 Mw of solar power by UP Power Corporation Limited (UPPCL) and the state power distribution companies (discoms).
The capacity of approved solar projects ranges between 20 Mw and 140 Mw, while the approved tariffs lie between Rs 3.17 per unit to Rs 3.23 per unit, which is the lowest power procurement price approved by the Commission for solar power projects in the state.Read More
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