Six companies submit bids to set up 550 MW of solar projects in Uttar Pradesh

Eight bidders have submitted technical bids aggregating 795 MW in response to Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA)’s 550 MW grid-connected solar photovoltaic (PV) tender. The tender now is oversubscribed by 245 MW.

Adani  bid for the largest capacity of 250 MW (5*50 MW), EDF bid for 140 MW (2*70 MW), Tata Power Solar bid for 100 MW (2*50 MW), Avaada Power bid for 100 MW, NTPC for 85 MW, Sukhbir Agro and Jakson each bid for 50 MW, and Vijay Printing Press bid for 20 MW. The financial bids will be conducted in the first week of December. UPNEDA has fixed Rs 3.10 per kWh as the upper tariff ceiling for this tender and is expected get a good response from the developers.

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