Uttar Pradesh invites bids for 75 MW of Solar Projects

Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has invited bids to develop 75 MW of projects at the UP Solar Park. The projects will be developed in Makrecha village (25 MW), Banghauli (20 MW), and  Tikar 1 & Tikar 2 (30 MW) in the Jalaun district of Uttar Pradesh.

Lucknow Solar Power Development Corporation is the implementing agency for the solar park. The last date to submit the bids is May 31, 2022. The ceiling tariff for the tender has been set at ₹3 (~$0.04)/kWh for 25 years.

Bidders will have to submit ₹800,000 (~$10,313) as an earnest money deposit. The successful bidder will have to furnish ₹1.05 million (~$13,536)/MW within 30 days of the letter of intent or signing the PPA, whichever is earlier.

Uttar Pradesh Power Corporation will enter into a power purchase agreement (PPA) on behalf of the distribution companies (DISCOMs) and will directly purchase power generated from these selected 75 MW solar projects for 25 years.

Only commercially established and operational technologies can be used to minimise the technology risk and achieve the timely commissioning of the projects.

The solar developer should declare the project’s annual capacity utilisation factor (CUF) when submitting the response to the request for selection (RfS). The developer can revise the annual CUF once within the first year of the commercial operation date. After that, the CUF for the project should remain unchanged for the entire term of the PPA. The declared annual CUF should not be less than 17 per cent.