UPNEDA invites bids for 75 MW of solar projects with a ceiling tariff of Rs 3 per kWh

The Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has floated a tender for the development of 75 MW of grid-connected solar power projects at the UP Solar Park in the state. These capacities will be set up on a build, own, and operate basis across three villages in the Jalaun district. Of the total capacity, 45 MW will be set up in the villages of Makrechaa and Banghauli while the remaining 30 MW will be installed in the Tikar village in the district. The ceiling tariff has been set at Rs 3 per kWh for 25 years and the project must be commissioned within 15 months of the signing of the power purchase agreement. The deadline for submission of bids is April 7, 2021.

To be eligible, bidders must have a net worth of at least Rs 7 million per MW of the quoted capacity as of the last date of the previous financial year. Further, they must indicate the use of commercially established and operational technologies during the bidding process. Once commissioned, the capacity utilisation factor of the project should remain unchanged for the entire term of the power purchase agreement and must never fall below 17 per cent.

In February 2021, UPNEDA issued a request for selection for solar power developers to set up 275 MW of grid-connected solar power projects in the state’s solar park. The projects are to be set up at five locations across the Jalaun and Kanpur Dehat districts.

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