UPERC Approves PPAs For 110 MW Solar Projects At Rs 2.65/kWh
POWER & RENEWABLE ENERGY

UPERC Approves PPAs For 110 MW Solar Projects At Rs 2.65/kWh

The Uttar Pradesh Electricity Regulatory Commission (UPERC) approved two power purchase agreements for 110 MW of grid connected solar capacity under Petition No. 2360 of 2026. A bench led by chairman Arvind Kumar and member Sanjay Kumar Singh confirmed the tariffs discovered through competitive bidding and authorised projects at Kanpur Dehat and Kanpur Nagar. The decision clears regulatory approvals required for project implementation.

The petition was jointly filed by the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) and the Uttar Pradesh Power Corporation Limited (UPPCL) to approve PPAs and tariffs from tariff based competitive bidding. The tender opened in April 2025 after Ministry of New and Renewable Energy (MNRE) approvals and attracted seven techno commercial bids, of which six qualified. One bidder was disqualified for failing to submit the earnest money deposit.

Financial bids were opened after technical evaluation and an electronic reverse auction in September 2025 finalised the tariffs, with Vedu Infrastructure Private Limited emerging as the lowest bidder for both sites. The tariff for the 75 MW Kanpur Dehat plant was fixed at Rs 2.65 per kWh and the 35 MW Kanpur Nagar Solar Park at Rs 2.71 per kWh. Letters of award issued in November 2025 led the successful bidder to incorporate two Special Purpose Vehicles (SPVs) to execute the projects.

The SPVs furnished performance bank guarantees as specified in the bidding documents, equivalent to Rs 150 million (mn) and Rs 70 mn for the larger and smaller entities respectively. The PPAs between UPPCL and the two SPVs were signed on January 16, 2026 and UPERC observed that the procurement complied with government guidelines and standards of fairness. The commission approved the tariffs as fixed for the 25 year term from the scheduled commercial operation date and directed that only modules and cells listed under the Approved Models and Manufacturers of Solar Photovoltaic Modules list be used.

The Uttar Pradesh Electricity Regulatory Commission (UPERC) approved two power purchase agreements for 110 MW of grid connected solar capacity under Petition No. 2360 of 2026. A bench led by chairman Arvind Kumar and member Sanjay Kumar Singh confirmed the tariffs discovered through competitive bidding and authorised projects at Kanpur Dehat and Kanpur Nagar. The decision clears regulatory approvals required for project implementation. The petition was jointly filed by the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) and the Uttar Pradesh Power Corporation Limited (UPPCL) to approve PPAs and tariffs from tariff based competitive bidding. The tender opened in April 2025 after Ministry of New and Renewable Energy (MNRE) approvals and attracted seven techno commercial bids, of which six qualified. One bidder was disqualified for failing to submit the earnest money deposit. Financial bids were opened after technical evaluation and an electronic reverse auction in September 2025 finalised the tariffs, with Vedu Infrastructure Private Limited emerging as the lowest bidder for both sites. The tariff for the 75 MW Kanpur Dehat plant was fixed at Rs 2.65 per kWh and the 35 MW Kanpur Nagar Solar Park at Rs 2.71 per kWh. Letters of award issued in November 2025 led the successful bidder to incorporate two Special Purpose Vehicles (SPVs) to execute the projects. The SPVs furnished performance bank guarantees as specified in the bidding documents, equivalent to Rs 150 million (mn) and Rs 70 mn for the larger and smaller entities respectively. The PPAs between UPPCL and the two SPVs were signed on January 16, 2026 and UPERC observed that the procurement complied with government guidelines and standards of fairness. The commission approved the tariffs as fixed for the 25 year term from the scheduled commercial operation date and directed that only modules and cells listed under the Approved Models and Manufacturers of Solar Photovoltaic Modules list be used.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD, NaBFID Partner to Fund Rural Infrastructure

The National Bank for Agriculture and Rural Development (NABARD) and the National Bank for Financing Infrastructure and Development (NaBFID) have signed a Memorandum of Understanding (MoU) to collaborate on financing infrastructure projects with significant rural impact.The partnership combines NABARD’s expertise in rural and agricultural infrastructure with NaBFID’s specialised infrastructure financing capabilities. It will focus on joint financing, knowledge sharing and developing financing solutions to improve access to long-term, competitively priced capital for rural infrastructure an..

Next Story
Infrastructure Energy

Advait Energy Wins Rs 1.34 Billion MPPTCL Order

Advait Energy Transitions (AETL) has secured a Rs 1.34 billion turnkey contract from Madhya Pradesh Power Transmission Co. Ltd. (MPPTCL) for the design, manufacturing and supply of Emergency Restoration Systems (ERS) for 400kV, 220kV and 132kV EHV transmission lines.The order, received against Tender No. TR-23/2025 on August 25, 2026, will be executed over 18 months. The contract value, inclusive of taxes, covers the complete ERS along with the required accessories.Emergency Restoration Systems are used to restore transmission infrastructure following disruptions, helping maintain continuity a..

Next Story
Real Estate

Gradiant expands Coimbatore engineering centre

Gradiant has expanded its Global Engineering Center (GEC) in Coimbatore, more than doubling its engineering workforce from approximately 100 to over 200 professionals as it strengthens its global project execution capabilities.The expanded centre will bring together multidisciplinary expertise across process engineering, detailed design and project engineering, enabling the India team to take on greater responsibility for the engineering and design of Gradiant’s international projects.According to Govind Alagappan, COO, Gradiant, Coimbatore’s engineering talent and industrial heritage make..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement