Uttar Pradesh and SECI Finalize PSA for 750 MW of Solar at a Tariff of ₹2.55/kWh


Uttar Pradesh and SECI Finalize PSA for 750 MW of Solar at a Tariff of ₹2.55/kWh

The Uttar Pradesh Electricity Regulatory Commission (UPERC) recently approved the power sale agreements (PSA) between Uttar Pradesh Power Corporation Limited (UPPCL) and Solar Energy Corporation of India (SECI) at a tariff rate of ₹2.55 (~$0.036)/kWh for 25 years.

The UPPCL has also confirmed that Uttar Pradesh is the only beneficiary state for the projects. “So that the matter falls within the jurisdiction of UPERC.” The move comes after UPPCL filed a petition before the commission seeking the approval of 750 MW of solar power PSA dated March 28, 2018, signed between UPPCL and SECI at a tariff rate of ₹2.55 (~$0.036) including ₹0.07 (~$0.00987) trading margin for 25 years.

In the 500 MW Bhadla Phase-III Solar Park auction, Hero Future Energies won 300 MW quoting a tariff of ₹2.47 (~$0.0380)/kWh followed by Softbank Group (SBE Four) which won 200 MW for ₹2.48 (~$0.0382)/kWh. Read More

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