State officials signed contracts with developers for 110
megawatts of solar power in total, Namrata Kalra, project
officer at the Uttar Pradesh New and Renewable Energy
Development Agency, said today. Azure Power India Pvt., a
company backed by the World Bank, was also among the winners.
Uttar Pradesh in northern India is among states expanding
solar generation to meet government-set targets. The country,
which suffers peak-hour power shortages of as much as 25 percent
in some regions, is developing large-scale renewable plants to
diversify its energy mix and reduce a current-account deficit
exacerbated by fuel imports.
State-run Uttar Pradesh Power Corp. agreed to buy power
from six planned solar plants at tariffs ranging from 8,440
rupees ($136) a megawatt-hour with Jakson Power Solutions to
9,330 rupees with DK Infracon Pvt., Kalra said by telephone.
Essel Infraprojects Ltd. and Refex Energy Ltd. also won deals.
Those tariffs will be fixed for the first 12 years of the
contracts, then reset for the remaining 13 years at the
prevailing rate for conventional power, she said. Uttar Pradesh
plans to auction as much as 390 megawatts of additional solar
capacity after the state government approves funding, she said.
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Natalie Obiko Pearson in Mumbai at
To contact the editor responsible for this story:
Reed Landberg at