UPERC approves 1 GW solar tender proposed by UPNEDA

UPERC has approved the request for procurement (RfP) and the power purchase agreement (PPA) for 1 GW of grid-connected solar PV project capacity that was tendered by the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) in January 2018. According to the tender, the minimum project size that can be developed by an individual bidder was set at 5 MW and the maximum project size was 1,000 MW. UPERC has also approved the modifications to the competitive bidding guidelines issued by the MNRE for solar PV projects. In case of generation offtake constraints due to transmission infrastructure or grid unavailability, the UPNEDA or Uttar Pradesh Power Corporation Limited (UPPCL) will provide appropriate compensation.

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