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09 February
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UPPCL, SECI sign 1 GW solar power sale agreement

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The Uttar Pradesh Power Corp. Ltd (UPPCL) will procure 1 GW of solar power from interstate transmission system (ISTS) connected projects with SECI as the intermediary procurer (trader).

The Uttar Pradesh Power Corp. Ltd (UPPCL) and Solar Energy Corp. of India (SECI) have executed a power sale agreement (PSA) for 1 GW of solar power from interstate transmission system (ISTS) connected projects. UPPCL will buy this power at a tariff of INR 2.52-2.53 ($0.030) per kWh plus INR 0.07 trading margin of SECI; SECI is the trader as an Intermediary Procurer.

The solar power shall be procured from the projects of Avaada Energy (300 MW), Sprng Energy (250 MW), ReNew Solar Power (300 MW) and Solarcraft Power India 8 (150 MW).

The expected scheduling of the power is around Feb. 2026, stated UPPCL.