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UP energy regulator slashes solar tariffs, approves bidding for 550 mw

UPERC sets new benchmark in lowest solar power tariffs in the state

Solar Power

Solar Power

Virendra Singh Rawat Lucknow
The Uttar Pradesh Electricity Regulatory Commission (UPERC) has slashed solar power tariffs to a record low of nearly Rs 3 per unit, as it cleared competitive bidding for procurement of 550 megawatt (mw) by state utilities. The approved tariffs range from Rs 3.02 per unit to Rs 3.08 per unit, which ranks among the lowest power procurement price approved by the energy regulator for solar projects.

The order was passed by the regulator on a petition filed jointly by UP Power Corporation Limited (UPPCL), UP New and Renewable Energy Development Agency (UPNEDA) and Noida Power Company Limited (NPCL). The capacity

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First Published: Sep 29 2019 | 5:30 PM IST

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