According to reports, Uttar Pradesh government will soon float bid document to attract private investment in the solar energy space. The government would invite bids from parties willing to supply energy below the tariff of Rs 4.70 per unit quoted by National Thermal Power Corporation (NTPC) for bundled power.
“The bids would be invited from companies ready to provide us power below the tariff quoted by NTPC,” Uttar Pradesh Power Corporation Limited (UPPCL) CMD and Energy Secretary Navneet Sehgal told the newspaper,Business Standard.
He said stand-alone solar power tariff was as high as Rs 13 per unit and the state would prefer a company, which could provide bundled power at levels cheaper than Rs 4.70 per unit.
The state is likely to provide land on lease for such project and is looking at solar power generation in the arid Bundelkhand region of Uttar Pradesh, where ample swathes are available
Sehgal said the bid document was almost ready and would soon be floated publicly.
Private sector Welspun Energy is looking at the possibility of 100 Mw plant in the state in the next financial year. “UP has a huge potential in solar energy space, which will also help the state overcome prevailing power deficit,” Welspun Energy Managing Director Vineet Mittal had earlier told Business Standard.