Uttar Pradesh and SECI finalise PSA for 750 MW of solar power

The Uttar Pradesh Electricity Regulatory Commission (UPERC) recently approved the power sale agreements (PSA) between Uttar Pradesh Power Corporation Limited (UPPCL) and the Solar Energy Corporation of India Limited (SECI) at a tariff rate of Rs 2.55 per kWh for 25 years. The PSA was signed for procuring power from the Bhadla Solar Park. The UPPCL has also confirmed that Uttar Pradesh is the only beneficiary state for the projects. 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 Rs 2.55 including Rs 0.07 trading margin for 25 years.

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