Panchabuta had mentioned in February that the Uttar Pradesh government would 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.
According to UP Power Corporation Limited (UPPCL) the bulk supplier of power to its five state distribution companies in Uttar Pradesh, having an obligation to purchase solar energy for their distribution companies in compliance to the Uttar Pradesh Electricity Regulation Commission Regulation 2010, invited “Expression of Interest” (EOI) from nationally, internationally renowned experienced well established reputed companies, who are in a position to supply solar power either bundled along with conventional power or otherwise as standalone solar power on a long term basis.
According to UPPCL the aggregate capacity of such solar power will be 100Mw. The purchase rate for solar/ bundled solar power on which the purchase can be made shall not exceed Rs. 4.74 per unit.
The companies should submit their proposal to UPPCL by 30-4-2011.