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UPPCL inks pact with solar power companies

According to reports, the UP Power Corporation Limited (UPPCL) entered into an agreement with solar power developers for purchasing 110 Mw of power on Friday. The agreement was signed in the presence of UP chief secretary Jawed Usmani, who said that under the state solar policy, the state government will be setting up 500 Mw of solar power plants in the state.

The New Energy Development Authority (Neda) had invited bids for setting up of power plants compositely to the tune of 200 Mw. The authority had also put in place a competitive bidding process for power tariff from these power plants. Against this, the authority received bids for 130 Mw. On Friday, the UPPCL signed the agreement for 110 Mw power.

The solar power plants with which the agreement was signed included 10 Mw by Azure Surya Private Limited, 50 Mw by M/s Essel Infra project, 20 Mw by Moser Baer, 10 Mw by M/s Refex Energy, 10 Mw by M/s Jackson Power and 10 Mw to be set up by DK Infracon.

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