Adani Green Energy Completes 50 MW Solar Power Project in UP
May 14, 2019
Adani Green Energy (UP) Limited (AGEUPL) has announced that it has commissioned 50 MW solar power project in the state of Uttar Pradesh.
The off-taker for the said project is the Uttar Pradesh Power Corporation Limited (UPPCL). The project has been developed and will be operated by AGEUPL after it won the contact from UPPCL. The two entities signed a Power Purchase Agreement (PPA) for 25 years, with a tariff, at present, Rs 5.07 per kWh.
The Company has, nonetheless, filed an appeal before the Appellate Tribunal for Electricity (APTEL) challenging reduction in PPA tariff from Rs 8.44/kWh to Rs 5.07/kWh by Uttar Pradesh Electricity Regulatory Commission (UPERC).