+
UPERC approves UPPCL's 450 MW wind power purchase
POWER & RENEWABLE ENERGY

UPERC approves UPPCL's 450 MW wind power purchase

In accordance with its renewable power obligation to progressively increase the supply of renewable energy to consumers in the state, reaching 21,500 MW by 2031-32, UP Power Corporation (UPPCL) has decided to procure 450 MW of wind energy from the Solar Energy Corporation of India (SECI) on a long-term basis.

The commission announced in its order on May 24 that it approved the power procurement of 450 MW wind power at the specified tariff, along with a trading margin of Rs. 0.07/kWh in accordance with CERC Trading License Regulations.

Under the agreement, UPPCL will purchase wind power at Rs 2.69 per unit from ReNew Naveen Urja, Green Infra Wind Energy, and Anupavan Renewable, and at Rs 2.70 per unit from Adani Renewable Energy.

It should be noted that the Union Ministry of Power (MoP) has raised the renewable power obligation (RPO) for discoms from 15% in 2023-24 to 29.91% in 2024-25. This implies that renewable power must constitute 29.91% of the total power that UPPCL will provide to consumers.

The ministry, through its notification dated February 1, 2024, also mentioned that an additional penalty of Rs 3.72 per unit will be imposed for any shortfall in meeting the renewable energy consumption standards.

The RPO estimates by UPPCL, as stated by UPERC in its order, indicate a significant deficiency in wind and other RPO categories such as solar and hydro.

According to its plan, UPPCL must secure 21,500 MW of renewable power by 2031-32 to fulfill its RPO obligations. This comprises 8,500 MW of solar power, and 6,500 MW each of wind and hydro power.

In accordance with its renewable power obligation to progressively increase the supply of renewable energy to consumers in the state, reaching 21,500 MW by 2031-32, UP Power Corporation (UPPCL) has decided to procure 450 MW of wind energy from the Solar Energy Corporation of India (SECI) on a long-term basis. The commission announced in its order on May 24 that it approved the power procurement of 450 MW wind power at the specified tariff, along with a trading margin of Rs. 0.07/kWh in accordance with CERC Trading License Regulations. Under the agreement, UPPCL will purchase wind power at Rs 2.69 per unit from ReNew Naveen Urja, Green Infra Wind Energy, and Anupavan Renewable, and at Rs 2.70 per unit from Adani Renewable Energy. It should be noted that the Union Ministry of Power (MoP) has raised the renewable power obligation (RPO) for discoms from 15% in 2023-24 to 29.91% in 2024-25. This implies that renewable power must constitute 29.91% of the total power that UPPCL will provide to consumers. The ministry, through its notification dated February 1, 2024, also mentioned that an additional penalty of Rs 3.72 per unit will be imposed for any shortfall in meeting the renewable energy consumption standards. The RPO estimates by UPPCL, as stated by UPERC in its order, indicate a significant deficiency in wind and other RPO categories such as solar and hydro. According to its plan, UPPCL must secure 21,500 MW of renewable power by 2031-32 to fulfill its RPO obligations. This comprises 8,500 MW of solar power, and 6,500 MW each of wind and hydro power.

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?