APTEL Grants 289-Day Extension for POWERGRID Transmission Project
In a separate decision, the Uttar Pradesh Electricity Regulatory Commission (UPERC) approved a petition from the Uttar Pradesh Power Corporation (UPPCL) for the procurement of 2,000 MW of solar power. This move aligns with the government?s objective to reach 500 GW of non-fossil-based installed power capacity by 2030. UPPCL's proposal for acquiring 2,000 MW of solar power is intended to support this target. The tender documents were developed according to the Ministry of Power?s guidelines for tariff-based competitive bidding for solar projects. These projects are expected to be executed on a build, own, operate, and maintain (BOOM) basis, with a 25-year Power Purchase Agreement (PPA) duration. The Uttar Pradesh Solar Policy 2022 will be applicable, offering various advantages to developers.