Essel Infra UP Solar Tariff Gets Regulator’s OK, Others To Match Bid


Essel Infra UP Solar Tariff Gets Regulator’s OK, Others To Match Bid

Tariff of Essel Infraprojects’ solar power plant at Uttar Pradesh (UP) has been upheld by Uttar Pradesh Electricity Regulatory Commission, more than a year after the project was commissioned.

After considering a demand for rejecting Power Purchase Agreements between Uttar Pradesh Power Corp and eight other power producers including Essel on the ground that the tariff is not consumer friendly, the commission has now accepted the tariff discovered through competitive bidding.

Essel Infraproject, would be the biggest beneficiary as its tariff at Rs 7.02 paise was the lowest and all other eight successful bidders will now have to match it.

However, most of the bidders expressed their unwillingness to accept Essel’s lowest bid. Read More…

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