UPNEDA's 500 MW Rooftop Solar Auction Winners Include Lords, NRGY 6
POWER & RENEWABLE ENERGY

UPNEDA's 500 MW Rooftop Solar Auction Winners Include Lords, NRGY 6

In Uttar Pradesh, the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) recently announced the winners of its auction to install 500 MW of grid-connected rooftop solar projects on government and semi-government buildings, as well as other institutions. The projects will operate under the RESCO model with net metering.

It was revealed that Kosuke Service, NRGY 6, Lords Mark Industries, KLK Ventures, G P Edible Foods, HFM Solar, and OMC Power emerged as the successful bidders. The auction was segmented into two categories based on project size. Category 1, covering projects from 25 kW to 200 kW, secured a tariff of ?4.9 (~$0.0587)/kWh. Meanwhile, Category 2, encompassing projects from 200 kW to 2,000 kW, achieved a tariff of ?4.85 (~$0.0581)/kWh.

UPNEDA stipulated that each project must fall within the 25 kW to 2,000 kW range, with the flexibility to comprise multiple rooftop units, each independently connected to the grid and potentially equipped with individual meters. However, only one project per consumer meter number is allowed, with a maximum project size limit of 2,000 kW.

In Uttar Pradesh, the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) recently announced the winners of its auction to install 500 MW of grid-connected rooftop solar projects on government and semi-government buildings, as well as other institutions. The projects will operate under the RESCO model with net metering. It was revealed that Kosuke Service, NRGY 6, Lords Mark Industries, KLK Ventures, G P Edible Foods, HFM Solar, and OMC Power emerged as the successful bidders. The auction was segmented into two categories based on project size. Category 1, covering projects from 25 kW to 200 kW, secured a tariff of ?4.9 (~$0.0587)/kWh. Meanwhile, Category 2, encompassing projects from 200 kW to 2,000 kW, achieved a tariff of ?4.85 (~$0.0581)/kWh. UPNEDA stipulated that each project must fall within the 25 kW to 2,000 kW range, with the flexibility to comprise multiple rooftop units, each independently connected to the grid and potentially equipped with individual meters. However, only one project per consumer meter number is allowed, with a maximum project size limit of 2,000 kW.

Next Story
Building Material

Ambuja Cements Drags JSW Cement to Court Over ‘Kawach’ Brand

Ambuja Cements, part of the Adani Group, has filed a trademark infringement case against JSW Cement in the Delhi High Court, alleging that its rival copied the ‘Kawach’ brand with its new product ‘Jal Kavach’.Justice Manmeet Pritam Singh Arora issued summons to JSW Cement and its subsidiary, JSW IP Holdings Pvt Ltd, while referring the matter to mediation. Hearings are scheduled to resume on October 15 if no settlement is reached.Ambuja, which registered the ‘Kawach’ trademark in 2019, argues that the term ‘Kavach’—meaning shield—is the distinctive feature of its branding. ..

Next Story
Technology

Bentley Systems Named Innovation Partner of the Year 2025 by Afcons

Bentley Systems, the infrastructure engineering software company, has been recognised by Afcons Infrastructure Limited as its Innovation Partner of the Year 2025 at the Innovation Partners 2025 Felicitation Ceremony in Mumbai. The award acknowledges Bentley’s contribution to Afcons’ engineering digitalisation journey through an enterprise agreement providing access to over 250 Bentley engineering software tools. This adoption has enabled Afcons to accelerate project delivery, standardise digital workflows, and strengthen innovation across its infrastructure portfolio. Among key i..

Next Story
Infrastructure Urban

SBI Sells 13.18% Stake in Yes Bank to Japan’s SMBC

State Bank of India (SBI) has completed the sale of a 13.18 per cent stake in Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for over Rs 8,889 crore. The divestment is part of a Rs 13,482 crore deal finalised in May with SMBC and seven private banks.Following the transaction, SBI’s shareholding in Yes Bank stands at 10.8 per cent. The deal, involving 4,134.4 million shares at Rs 21.50 each, is the largest cross-border transaction in the Indian banking sector.SBI Chairman C S Setty described the 2020 RBI-led rescue of Yes Bank as a pioneering public-private partnership, addi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?