UPNEDA announces winners for its 500 MW solar tender

The Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has announced the auction results for its 500 MW solar tender. The winners of the auction are NV Vogt Singapore Private Limited, Al-Jomaih-Jakson Power Private Limited, Vijay Printing Press Private Limited, and Talettutayi Solar Projects Eight Private Limited (SolarArise). NV Vogt Singapore won a capacity of 50 MW at a tariff of Rs 3.17 per kWh. Jakson in consortium with Al-Jomaih won a total capacity of 100 MW at Rs 3.18 per kWh. Vijay Printing Press won capacity of 25 MW, while Talettutayi Solar Projects Eight Private Limited (SolarArise) won a capacity of 9 MW under the bucket filling method. Both quoted a tariff of Rs 3.18 per kWh.

Established in 1947, the Jakson Group entered the solar segment in 2011. The Noida-based company is an EPC contractor, an IPP and a manufacturer of solar products such as PV modules and inverters. It has a capacity to manufacture 70 MW of monocrystalline and polycrystalline modules (in Noida) and 500 MW of module mounting structures. Jakson plans to expand its solar energy portfolio to 1 GW, including 150 MW of captive installations. The company also aims to increase its solar manufacturing capacity to 1.5 GW by 2020.

In May 2019, Jakson launched a compact hybrid energy storage system (HESS) for residential and commercial users. It plans to sell it to customers through a channel partner network.

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