UPPCL gives Notices to Six Companies
UP government issued notices to six private companies for not installing the solar power plant. The six companies signed an agreement two years ago with the UP state government to set up solar power plants. The decision was taken after the companies did not set up solar power plants as per the agreement. Uttar Pradesh Power Corporation Limited is an electricity organization which is in charge of electricity transmission and distribution across the Indian state of Uttar Pradesh.
On Monday, UPPCL issued the ‘Procure Preliminary Default’ notice to the following six companies; namely Pinnacle Air Pvt Ltd, Adani Green Energy Ltd, Sudhakar Infratech Private Ltd, Awadh Rubber Prop, Shastradhara Energy Private Ltd, and Madras llastomar LTD, looking for cancellation of their agreement with the New Energy Development Authority (NEDA).
Under the solar power policy of 2013, UPPCL got into an agreement with 15 companies in 2015. Out of 15 companies, nine companies launched solar power plants with the total capacity of 135MW. Remaining six companies did not respect the agreement to install solar power plants with a cumulative capacity of 80MW.
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As per the accord, the price of one unit to supply solar power is between 7.02 -8.60 Rs per unit. But, according to UPPCL, prices of solar panels reduced over time. In a allege survey of the corporation, the costs of solar power decreased to Rs 2.44 per units due to reduced prices of solar panels.
UPPCL spokesperson said, the company may not allow setting up solar power plants as per previous arrangement. The Union Ministry of new energy mentioned in its letter on July 3, directed the state government not to prolong the deadline for installation of solar power projects.