Seven private companies have received a Letter of Intent (LoI) from the Akhilesh Yadav led state-government, for 130MW of proposed solar projects in Uttar Pradesh.
The private developer companies: Jakson Power Solutions, Moser Baer Clean Energy Ltd, Sree Developers, DK Infracon, Refex Energy, Azure Surya and Essel Infra received a LoI for projects after participating in a bidding process. No power purchase agreements (PPA) have been signed yet.
The projects are planned to be built in the Bundelkhand region, central India. Jakson Power Solutions announced on 9 August it has secured a 10MW solar project as part of the Uttar Pradesh government’s solar power policy 2013. At a total cost of INR800 million (US$13 million), the project aims to be commissioned by March 2014.
Sundeep Gupta, joint managing director at Jakson Power said they are happy to be involved with helping the government reach its solar installation targets and it hopes to complete the project in ”record time”.
Jakson already operates a 20MW solar plant in Rajasthan, as part of Rajasthan State’s solar policy also.
Another public company – a joint venture between the state renewable energy facilitators, Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA), and the government hydroelectric enterprise, National Hydroelectric Power Corporation (NHPC) – are set to sign a memorandum of understanding to provide a further 100MW of solar energy, bringing the total to 230MW. The final capacity will be confirmed upon completing PPAs.
UPENDA’s 2013 solar energy policy aims for a new generation of green energy, investment and awareness in Uttar Pradesh.
Research suggests Uttar Pradesh is a hotspot for solar energy, receiving more than 5kWh of solar irradiation per square metre daily.