Uttar Pradesh New & Renewable Energy Development Agency (UPNEDA) has invited bids to commission a 5 MW solar power project in Saraisadi village of Mau district, Uttar Pradesh.

The projects must be developed on a build, own and operate basis and commissioned within 15 months of receiving the work order.

Uttar Pradesh Power Corporation will enter into a power purchase agreement with the select developer for 25 years at the fixed ceiling tariff of ₹2.98 (~$0.036)/ kWh.

The last day to submit the bids is July 26, 2023. The bids will be opened the next day.

Bidders must submit a bid processing fee of ₹200,000 (~$2,439) and an earnest money deposit of ₹800,000 (~$9,756)/MW of the quoted capacity.

The selected bidders must remit ₹1.2 million (~$14,635)/ MW of the allotted capacity within thirty days of the issue of letter of intent or before the signing of the power purchase agreement, whichever is earlier.

To be eligible, bidders should have a net worth of at least ₹8 million (~$97,566)/ MW as of the last date of the previous financial year.

UPNEDA will lease 29.2 acres of land in Saraisadi village of district Mau to the selected solar power developer for 27 years. The lease rent for the land will be ₹15,000 (~$182)/acre/annum.

Developers can fully commission the project before signing the supply connection agreement. If the developer commissions the project before the scheduled commissioning date, UPNEDA may purchase the generated power until scheduled commissioning at 75% of the agreed-upon tariff.

If the developer fully commissions the project before the scheduled date, UPNEDA will purchase the generated power at the agreed-upon tariff.

Only modules included in the latest Approved List of Models and Manufacturers (ALMM) issued by the Ministry of New and Renewable Energy should be used in the project.

The developer must ensure a minimum capacity utilization factor of 17%.

The modules must be warranted for their output peak watt capacity, which should not be less than 90% at the end of 12 years and 80% at the end of 25 years.

Recently, UPNEDA invited bids to set up 150 MW of grid-connected solar power projects under component C of the PM-KUSUM program through the RESCO model.

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