Uttar Pradesh invites bids for 75 MW of Solar Projects

13 May 2022 CW Team

Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has invited bids to develop 75 MW of projects at the UP Solar Park. The projects will be developed in Makrecha village (25 MW), Banghauli (20 MW), and Tikar 1 & Tikar 2 (30 MW) in the Jalaun district of Uttar Pradesh.

Lucknow Solar Power Development Corporation is the implementing agency for the solar park. The last date to submit the bids is May 31, 2022. The ceiling tariff for the tender has been set at ₹3 (~$0.04)/kWh for 25 years.

Bidders will have to submit ₹800,000 (~$10,313) as an earnest money deposit. The successful bidder will have to furnish ₹1.05 million (~$13,536)/MW within 30 days of the letter of intent or signing the PPA, whichever is earlier.

Uttar Pradesh Power Corporation will enter into a power purchase agreement (PPA) on behalf of the distribution companies (DISCOMs) and will directly purchase power generated from these selected 75 MW solar projects for 25 years.

Only commercially established and operational technologies can be used to minimise the technology risk and achieve the timely commissioning of the projects.

The solar developer should declare the project’s annual capacity utilisation factor (CUF) when submitting the response to the request for selection (RfS). The developer can revise the annual CUF once within the first year of the commercial operation date. After that, the CUF for the project should remain unchanged for the entire term of the PPA. The declared annual CUF should not be less than 17 per cent.

Infrastructure Transport

10 Jul 2026

Uttar Pradesh unveils infrastructure-led growth roadmap at RAHSTA

Mumbai, 9 July 2026: Uttar Pradesh’s ambitious infrastructure-led growth strategy took centre stage on Day 2 of the 16th RAHSTA Expo, where senior government officials outlined how expressways, industrial corridors and technology-driven governance are transforming the state into one of India's most attractive investment destinations.Delivering the keynote address, Srihari Pratap Shahi, IAS, Additional Chief Executive Officer, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), highlighted the state's long-term vision of integrating world-class expressways with industrial dev..

NCW closes PRIME Offices Fund at Rs 40 billion

Nuvama and Cushman & Wakefield Management (NCW) has announced the final close of its flagship PRIME Offices Fund at approximately Rs 40 billion, exceeding its original target of Rs 30 billion following strong investor demand.The fund was launched to provide Indian investors with access to institutional-grade commercial office assets across key office markets in the country. According to NCW, the increase in the fund size was supported by strong investor participation and the availability of investment opportunities in India's office sector.The fund has already committed around 45 per cent ..

Mayfair Housing adopts Autodesk Forma for digital project planning

Mayfair Housing has entered into a three-year strategic partnership with Autodesk to deploy Autodesk Forma, an AI-enabled cloud platform, as part of its digital transformation programme aimed at improving project planning and execution across its development and redevelopment portfolio.The platform will be integrated into the company's Building Information Modelling (BIM) workflow to support architects, planners and project teams during the early stages of design and development. Autodesk Forma combines real-world data, environmental simulations and collaborative workflows to facilitate data-d..