UPNEDA invites bids for 98 MW of Solar Projects in Uttar Pradesh
20 May 2022
2 Min Read
CW Team
Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has invited bids to set up 98 MW of solar projects of 0.5 MW, 1 MW, 1.5 MW, and 2 MW capacity on agricultural land, pasturelands, and marshlands of farmers in Uttar Pradesh.
The projects will be developed under Component A of the KUSUM program falling within a radius of 5 km from the selected substations. The last date to submit the bids online is June 15, 2022. Bids will be opened the following day. Under Component A of the PM-KUSUM program, the government aims to set up 10,000 MW of grid-connected solar power projects of individual project size of up to 2 MW. The successful bidder should furnish a performance bank guarantee of Rs 500,000/MW for the capacity awarded within 30 days of the letter of award.
The distribution companies (DISCOMs) in whose area substations the solar power projects are proposed to be set up should enter into power purchase agreements (PPAs) with successful bidders for 25 years. UPNEDA has set a ceiling tariff of Rs 3.10/kWh for the tender.
The selected developer will be responsible for constructing the dedicated 11 kV line from the solar power project to the substation, the construction of the bay, and related switchgear at the substation where the project will be connected to the grid and metering is done. Individual farmers, groups of farmers, cooperatives, panchayats, farmer producer organisations, and water user associations who have their land or have land lease agreements can participate in the tender.
If the bidders concerned fail to arrange the equity needed to set up the projects, they may opt to erect the project through a developer by signing a land lease agreement. In such a case, the landowner will get lease rent. The developer鈥檚 net worth who sets up the project on leased land should not be less than Rs 10 million/ MW of the quoted capacity.
Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has invited bids to set up 98 MW of solar projects of 0.5 MW, 1 MW, 1.5 MW, and 2 MW capacity on agricultural land, pasturelands, and marshlands of farmers in Uttar Pradesh. The projects will be developed under Component A of the KUSUM program falling within a radius of 5 km from the selected substations. The last date to submit the bids online is June 15, 2022. Bids will be opened the following day. Under Component A of the PM-KUSUM program, the government aims to set up 10,000 MW of grid-connected solar power projects of individual project size of up to 2 MW. The successful bidder should furnish a performance bank guarantee of Rs 500,000/MW for the capacity awarded within 30 days of the letter of award. The distribution companies (DISCOMs) in whose area substations the solar power projects are proposed to be set up should enter into power purchase agreements (PPAs) with successful bidders for 25 years. UPNEDA has set a ceiling tariff of Rs 3.10/kWh for the tender.The selected developer will be responsible for constructing the dedicated 11 kV line from the solar power project to the substation, the construction of the bay, and related switchgear at the substation where the project will be connected to the grid and metering is done. Individual farmers, groups of farmers, cooperatives, panchayats, farmer producer organisations, and water user associations who have their land or have land lease agreements can participate in the tender. If the bidders concerned fail to arrange the equity needed to set up the projects, they may opt to erect the project through a developer by signing a land lease agreement. In such a case, the landowner will get lease rent. The developer鈥檚 net worth who sets up the project on leased land should not be less than Rs 10 million/ MW of the quoted capacity.
Next Story
Dassault To Build Falcon Jets In India With Reliance
Reliance Infrastructure Ltd鈥檚 subsidiary, Reliance Aerostructure, has signed an agreement with France鈥檚 Dassault Aviation to manufacture Falcon 2000 business jets in India, with the first batch expected to roll out from its Nagpur facility by 2028. This marks the first time a Falcon aircraft will be entirely built outside France.The announcement sent Reliance Infrastructure shares surging, hitting the 5 per cent upper circuit on the BSE. Anil Ambani, Chairman of Reliance Group, hailed the agreement as a 鈥渟ymbol of India鈥檚 technological and manufacturing strength鈥�, adding that it aims..
Next Story
INDEA Lays Foundation for India鈥檚 First Auto Design School
The Indian School for Design of Automobiles (INDEA), the country鈥檚 first institute focused solely on automobile design and management, held its foundation stone ceremony at XLRI Delhi-NCR. The event was graced by Union Minister for Road Transport and Highways, Nitin Gadkari, who virtually unveiled the stone as Chief Guest.INDEA aims to become a premier talent hub, driving innovation in the Indian automotive sector. The school will focus on advanced design, mobility solutions, and sustainable practices, playing a vital role in shaping India鈥檚 transition from a cost-driven to a quality-led a..
Next Story
Karnataka Launches Global Innovation Hub at Airport City
The Government of Karnataka, in collaboration with Bengaluru Airport City Limited (BACL) and ANSR, has launched a global innovation hub named District I at Bengaluru Airport City's business park. The initiative aims to elevate India鈥檚 innovation ecosystem to a global scale by fostering collaboration among startups, academia, enterprises, and government bodies.District I will serve as a platform for deep-tech entrepreneurship, enterprise innovation, and commercialisation of academic research. It brings together Global Capability Centres (GCCs), IT firms, corporate labs, startups, venture capi..
