UPERC adopts tariffs for 110 MW Kanpur solar park projects
The Uttar Pradesh Electricity Regulatory Commission (UPERC) has adopted the tariffs discovered through tariff-based competitive bidding for two solar photovoltaic (PV) projects with a combined capacity of 110 MW at the Kanpur Dehat and Kanpur Nagar solar parks.
In its order dated July 3, 2026, the Commission approved the Power Purchase Agreements (PPAs) executed on January 16, 2026, between Uttar Pradesh Power Corporation Limited (UPPCL) and the project-specific Special Purpose Vehicles (SPVs) incorporated by the successful bidder, M/s Vedu Infrastructure Private Limited.
The approved tariffs are Rs 2.65/kWh for the 75 MW Kanpur Dehat project and Rs 2.71/kWh for the 35 MW Kanpur Nagar project. Both tariffs will remain fixed throughout the 25-year tenure of the PPAs.
Bidding process
The projects were tendered by Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) through Request for Selection No. 01/UPNEDA/Kanpur Solar Park/RfS/2025 issued on April 23, 2025.
UPERC had previously approved the bidding documents through its order dated June 6, 2025, in Petition No. 2209 of 2025.
A total of seven bidders submitted techno-commercial bids, of which six qualified after technical evaluation. The e-Reverse Auction was conducted on September 23, 2025.
M/s Vedu Infrastructure Private Limited emerged as the successful bidder for both projects. Subsequently, Vedu Kanpur Dehat Solar Private Limited was incorporated for the 75 MW project, while Vedu Kanpur Nagar Solar Private Limited was established for the 35 MW project.
Letters of Award were issued on November 14, 2025, and were accepted unconditionally by the bidder. The developer also furnished Performance Bank Guarantees of Rs 15 crore for the 75 MW project and Rs 7 crore for the 35 MW project.
Project conditions
Under the terms of the PPAs, the Scheduled Commencement of Supply Date has been fixed at 24 months from the Effective Date of January 2, 2026. The developer is also required to achieve financial closure within 12 months of signing the agreements.
The Commission’s order stipulates that solar modules and cells deployed in the projects must comply with the Approved List of Models and Manufacturers (ALMM) List-I and List-II requirements notified by the Ministry of New and Renewable Energy (MNRE) on July 28, 2025, and September 23, 2025, respectively.
It has also been specified that no claims under Change in Law will be admissible in relation to ALMM compliance requirements or the imposition of Basic Customs Duty on imported solar cells and modules.
Commission’s observations
According to the Project Management Consultant’s assessment, the estimated capital cost of the projects ranges from Rs 3.76 crore per MW for non-Domestic Content Requirement (DCR) configurations to Rs 4.11 crore per MW where DCR-compliant modules are used.
UPERC observed that the discovered tariffs were competitive and consistent with prevailing market trends, taking into account the solar resource availability in the region and the applicable capacity utilisation factors for the projects.
The Commission noted that the projects would add 110 MW of utility-scale solar capacity in Uttar Pradesh through the solar park model and contribute to the state’s renewable energy expansion plans.
The featured photograph is for representation only.
