+
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
Technology

Minda, Qualcomm Join Forces for Smart Auto Cockpit Tech

Minda Corporation Limited, the flagship of the Spark Minda Group, has announced a strategic partnership with Qualcomm Technologies, Inc. to develop intelligent and connected cockpit solutions for the Indian automotive market. The upcoming smart interface will be powered by Qualcomm’s Snapdragon Cockpit Platform.Commenting on the collaboration, Suresh D, Group CTO of Minda Corporation, said, “This partnership with Qualcomm Technologies marks a major milestone in advancing Minda’s digital cockpit capabilities. By utilising Qualcomm’s cutting-edge automotive platforms, we can now offer se..

Next Story
Infrastructure Transport

Railways Spent Rs 604.7 Billion on Passenger Subsidy in FY24

New Delhi – The Indian Railways provisionally spent Rs 604.7 billion in subsidies during the financial year 2023–24, covering 45 per cent of passenger travel costs, Railway Minister Ashwini Vaishnaw informed the Lok Sabha on Wednesday.In a written response to questions from multiple Members of Parliament regarding the recent rail fare hike, Vaishnaw stated that the Indian Railways continues to offer one of the most affordable transport services globally, ferrying over 7.2 billion passengers annually."The total amount of subsidy provided in FY 2023–24 on passenger travel is provisionally ..

Next Story
Infrastructure Urban

Auto Sector Can Cut Emissions by 87% by 2050: CEEW

India’s automobile industry could reduce its manufacturing emissions by 87 per cent by 2050 through a shift to green electricity and low-carbon steel, according to a study released by the Council on Energy, Environment and Water (CEEW).The report estimates that if original equipment manufacturers (OEMs) and their suppliers target net-zero emissions by 2050, annual emissions could fall from a projected 64 million tonnes of CO₂ (under the business-as-usual scenario) to just 9 million tonnes. This would require OEMs to adopt 100 per cent green electricity and steel suppliers to source 56 per ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?