Uttar Pradesh floats tender for 20 MW of biopower projects

Uttar Pradesh Power Corporation Limited (UPPCL) has invited bids for setting up 20 MW slop-based biopower project. The project capacity may deviate by 25 per cent. The minimum capacity that can be bid is set at 2 MW. The tariff cap for bids is Rs 2.89 per kWh. UPPCL will sign a PPA with the winning developer for a period of 10 years. The eligibility criteria require the bidder’s net worth to be at least equal to the value calculated at the rate of Rs 5 million per MW of capacity bid, based on the accounts of the past three financial years. Interested bidders are expected to make an earnest money deposit of Rs 100,000 per MW. The last date for bid submission is September 15, 2020.

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