Uttar Pradesh discom to deposit Rs 72.45 bn in RPO Regulatory Fund
POWER & RENEWABLE ENERGY

Uttar Pradesh discom to deposit Rs 72.45 bn in RPO Regulatory Fund

In a recent order, the Uttar Pradesh Electricity Regulatory Commission (UPERC) ordered Uttar Pradesh Power Corporation (UPPCL) to pay Rs 72.45 billion in the renewable purchase obligation (RPO) Regulatory Fund.

The total amount of Rs 72.45 billion comprises Rs 14.59 billion for the shortfall in RPO compliance till FY21 and Rs 57.85 billion against proposed RPO obligations for FY 2021-22.

The Commission asked the UPPCL to pay the sum in ten equal instalments and stated that the amount would be used to obtain renewable energy, including hydropower. The payment for acquiring hydropower will also be done through the RPO Regulatory Fund.

On behalf of the distribution companies (discoms) of Uttar Pradesh, UPPCL had filed a petition asking for relaxation regarding the execution of the RPO Regulatory Fund as mandated by the UPERC order dated December 30.

UPPCL, in its submission, stated that it had partly complied with the Commission’s order concerning the execution of the RPO Regulatory Fund. Though, the total amount was yet to be paid.

The Commission had also urged UPPCL to submit the year-wise status of the RPO compliance showing the amount of backlog cleared till March 31.

Additionally, UPPCL said that as per the directions declared by the Commission, the payments to renewable generators were being routed through the RPO Regulatory Fund created by UPPCL. The discom added that a total amount of Rs 7.09 billion was paid to renewable generators till May.

UPPCL stated that the backlog of non-solar RPO and hydropower purchase obligation (HPO) was mainly due to the delay in the commissioning of some projects because of the Covid-19 pandemic.

Image Source


Also read: India extends $100 mn credit line to Sri Lanka for solar projects

Also read: Hybrid, solar and wind energy projects of 9 GW to be set up soon

In a recent order, the Uttar Pradesh Electricity Regulatory Commission (UPERC) ordered Uttar Pradesh Power Corporation (UPPCL) to pay Rs 72.45 billion in the renewable purchase obligation (RPO) Regulatory Fund. The total amount of Rs 72.45 billion comprises Rs 14.59 billion for the shortfall in RPO compliance till FY21 and Rs 57.85 billion against proposed RPO obligations for FY 2021-22. The Commission asked the UPPCL to pay the sum in ten equal instalments and stated that the amount would be used to obtain renewable energy, including hydropower. The payment for acquiring hydropower will also be done through the RPO Regulatory Fund. On behalf of the distribution companies (discoms) of Uttar Pradesh, UPPCL had filed a petition asking for relaxation regarding the execution of the RPO Regulatory Fund as mandated by the UPERC order dated December 30. UPPCL, in its submission, stated that it had partly complied with the Commission’s order concerning the execution of the RPO Regulatory Fund. Though, the total amount was yet to be paid. The Commission had also urged UPPCL to submit the year-wise status of the RPO compliance showing the amount of backlog cleared till March 31. Additionally, UPPCL said that as per the directions declared by the Commission, the payments to renewable generators were being routed through the RPO Regulatory Fund created by UPPCL. The discom added that a total amount of Rs 7.09 billion was paid to renewable generators till May. UPPCL stated that the backlog of non-solar RPO and hydropower purchase obligation (HPO) was mainly due to the delay in the commissioning of some projects because of the Covid-19 pandemic. Image Source Also read: India extends $100 mn credit line to Sri Lanka for solar projects Also read: Hybrid, solar and wind energy projects of 9 GW to be set up soon

Next Story
Infrastructure Transport

UP Fast-Tracks Roads to Boost Noida Airport Access

The Uttar Pradesh government is expediting a network of road and expressway projects to strengthen connectivity to Noida International Airport, aiming to establish it as a key aviation hub in northern India. With projected annual footfall exceeding five million passengers, seamless road access is essential to ensure efficient, sustainable, and inclusive transport infrastructure.A flagship initiative under this effort is the six-lane Bhangel Elevated Road—a 5.5-kilometre corridor connecting Agahpur to the NSEZ via DSC Road. Despite earlier delays caused by design revisions and funding shortfa..

Next Story
Infrastructure Transport

Airports In Asia, Middle East Gear Up For 7% Traffic Surge

Airports across the Asia-Pacific and Middle East are preparing for a major upsurge in air travel, with passenger volumes expected to grow by nearly 7 per cent annually over the next 25 years. In response, regional airport stakeholders have adopted a collective resolution focused on sustainable infrastructure upgrades and capacity optimisation.This decision was made during the 2nd ACI Asia-Pacific & Middle East Regional Assembly of Airport Members held in New Delhi. The resolution marks a united commitment to future-ready, climate-conscious airport development in a region that accounts for ..

Next Story
Infrastructure Urban

CCI Clears AIPCF’s 13% Stake Buy in Perseus Parent

The Competition Commission of India (CCI) has approved a proposed investment wherein AIPCF VIII A-TE Funding L.P. will acquire approximately 13 per cent of the limited partnership interests in Perseus Parent L.P.AIPCF VIII A-TE Funding L.P. (the Acquirer) is a newly incorporated special purpose vehicle that will operate as an investment fund. At present, it has no existing investments or independent activities. The Acquirer is part of the American Industrial Partners group, a private equity firm with a strong focus on operationally oriented investments in sectors such as transportation, logist..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?