Noida Power Company Limited will buy 50 MW power from the 550 MW PV tender issued by UPNEDA. It has also issued a separate tender for 8 MW PV capacity for Greater Noida region of Uttar Pradesh. Pictured is the India Exposition Mart Limited that recently hosted Renewable Energy India 2018 in Greater Noida. (Photo Credit: TaiyangNews)
- UPNEDA has issued a tender inviting bids for 550 MW grid connected solar power capacity
- Minimum capacity that bidders can bid for is 5 MW, maximum is the entire 550 MW on offer
- Of this 550 MW, Uttar Pradesh Power Corporation Ltd. (UPPCL) will buy energy generated from 500 MW and Noida Power Company Ltd. (NPCL) will buy remaining 50 MW
- Ceiling tariff for this tender has been capped at INR 3.10 ($0.042) per kWh, and the winning tariff will be consistent through the life of the PPA which will be 25 years
- In a related development, NPCL has also issued a EPC tender for a 8 MW solar power plant at Jaun Samana village in Greater Noida
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The Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has floated a tender for 550 MW grid connected solar power capacity in the state. While there is no update on UPNEDA’s website, Mercom India Research says it confirmed with UPNEDA about the issuing of this tender.
Minimum capacity to bid for is 5 MW, the maximum is 550 MW. Out of the 550 MW tender, Uttar Pradesh Power Corporation Ltd. (UPPCL) will buy clean power from 500 MW capacity, the remaining 50 will be bought by Noida Power Company Ltd. (NPCL). Successful bidders will enter power purchase agreements for the determined tariff for the entire PPA duration of 25 years.
NPCL is responsible for distributing power in Greater Noida in Uttar Pradesh which is coming up in a big way attracting highrises as well as commercial and industrial set ups.
The tender carries a ceiling tariff of INR 3.10 ($0.042) per kWh. UPNEDA had previously sought approval from the Uttar Pradesh Electricity Regulatory Commission (UPERC) to launch a tender of 500 MW, quoting a ceiling tariff of INR 3.25 ($0.044) per kWh for the tender if safeguard duty was included, and INR 3.10 ($0.0424) per kWh if safeguard duty is not included.
Last date to submit bids is November 14, 2018. UPNEDA can be contacted for further details on this tender.
In October 2018, UPNEDA achieved INR 3.71 ($0.043) per kWh as the lowest bid for its 500 MW grid connected solar power plant (see 500 MW UPNEDA Auction’s Lowest Bid: INR 3.71/kWh).
8 MW tender from NPCL
In a related development, NPCL has also issued a EPC tender for a 8 MW solar power plant at Jaun Samana village in Greater Noida on a turnkey basis with comprehensive operation and maintenance for a period of 10 years. Last date to submit tender documents is November 1, 2018. More details are available on NPCL website.