The Uttar Pradesh Electricity Regulatory Commission (UPERC) has approved a petition filed by the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) and Uttar Pradesh Power Corporation Ltd. (UPPCL) seeking approval of RFP and Power Purchase Agreement (PPA) of 500 MW power from grid-connected solar power projects through tariff based competitive bidding process.
The Petitioners stated that the Government of UP had promulgated Solar Energy Policy-2017 in December 2017 to promote the establishment of solar power projects in the state. Under Clause 8.12 of the Solar Energy Policy 2017 utility scale, stand-alone solar projects will be set up for sale of power to Distribution Licensees.
UPNEDA will be the nodal agency for setting up of Solar Power Plant with a minimum 5 MW capacity through a competitive bidding process as per the aforesaid guidelines. Read More