UPNEDA invites 550 MW solar tender

Through tariff-based competitive bidding process, the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has invited bids for 550 MW of grid connected solar PV power projects. Of the 550 MW, 500 MW will be bought by the Uttar Pradesh Power Corporation, while 50 MW will be bought by the Noida Power Company. With a minimum and maximum capacity of 5 MW and 550 MW, respectively, for each project, the power purchase agreement will be signed for a period of 25 years.