The Uttar Pradesh New & Renewable Energy Development Agency (UPNEDA) has issued another bidding extension for 75 MW of grid-connected solar power projects in the Indian State of Uttar Pradesh. The projects shall be awarded through international competitive bidding followed by reverse auction.
The bidding deadline now stands as July 14.
The projects—to be installed on a ‘build-own-operate’ basis—shall come up in the Jalaun District’s two locations in the Uttar Pradesh Solar Park: villages Makrechha and Banghauli (45 MW) and village Tikar (30 MW).
These shall be awarded through international competitive bidding followed by reverse auction. Bidders shall quote a single tariff if applying for both projects.
The Uttar Pradesh Power Corporation Ltd (UPPCL) shall sign a 25-year power purchase agreement (PPA) with the successful bidders. The maximum tariff payable to the project developers is fixed at INR 3.00/ kWh for 25 years.
The projects must be commissioned within 15 months from the date of signing the PPA.
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