Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) is set to award only 72 MW of grid-connected solar projects in a tender designed to add 500 MW in capacity. Only three bids, totalling 90 MW, were submitted for the scheme, which was launched in January. Under the tender's rules, only 80% of capacity is awarded if it is undersubscribed. The government has also decided not to allow any new coal plants or nuclear power plants, as these are considered too expensive compared with renewable energy.
Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) is set to award only 72 MW of grid-connected solar projects in a tender designed to add 500 MW in capacity. Only three bids, totalling 90 MW, were submitted for the scheme, which was launched in January. Under the tender's rules, only 80% of capacity is awarded if it is undersubscribed. The state's electricity regulatory commission had only recently approved changes put forward by UPNEDA concerning the request for selection and power purchase agreement aspects of the tender, which may have reduced interest.