UP energy regulator slashes solar tariffs, approves bidding for 550 mw

UP energy regulator slashes solar tariffs, approves bidding for 550 mw

UPERC sets new benchmark in lowest solar power tariffs in the state
Current Affairs :-The Uttar Pradesh Electricity Regulatory Commission (UPERC) has cut sun powered power levies to a record low of almost Rs 3 for every unit, as it cleared focused offering for obtainment of 550 megawatt (mw) by state utilities. The affirmed levies go from Rs 3.02 per unit to Rs 3.08 per unit, which positions among the most reduced power acquisition cost endorsed by the vitality controller for sun oriented tasks.
The request was passed by the controller on an appeal recorded together by UP Power Corporation Limited (UPPCL), UP New and Renewable Energy Development Agency (UPNEDA) and Noida Power Company Limited (NPCL). The limit of affirmed sun oriented activities for their acquirement ranges from 25 mw to 100 mw.
With the new request, the UPERC endorsed tax and power buy understandings (PPA) for acquirement of 500 mw by UPPCL and other state possessed power appropriation organizations (discoms), aside from 50 mw by NPCL.
As per UPERC, while lower duties for sun based power would decrease the general power buy cost of the discoms, it would help UPPCL in gathering its Renewable Purchase Obligation (RPO) and the state in tackling the capability of sun based power.
Prior this month, the Commission, while discarding another appeal recorded together by UPPCL/discoms and UPNEDA, had fixed sun oriented power levy of Rs 3.17 per unit to Rs 3.23 per unit for the acquirement of 500 mw through aggressive offering process. The limit of the endorsed sun oriented activities went between 20 mw and 140 mw.
An official statement of UPERC said progressive decrease in sunlight based power taxes in the state to the present degree of roughly Rs 3 to Rs 3.23 per unit would “essentially improve the sun based portfolio bushel of the licensees at a very practical cost. This will help the licensees in a major manner to accomplish their RPO direction.”
A month ago, the state had cleared the proposition of sustainable power source majors ReNew Power and Shapoorji Pallonji to on the whole put about Rs 750 crore in a 150 mw drifting sun based power venture in UP. The task would come up at the current Rihand hydro power undertaking of UP Jal Vidyut Nigam Limited (UPJVNL) in Sonbhadra locale.

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