UP to revise renewable energy policy
The Uttar Pradesh government is planning to revise the state’s solar power policy to align it with the policies of other states. Minister of Additional Sources of Energy Brajesh Pathak said, “The UPNEDA has been acting as a project execution functionary till now. We are looking to increase the ambit of the agency and seek budgetary allocation to operate standalone.”
He added that they are studying the models adopted by other state governments that include a heightened offtake assurance to promote renewable energy. Under the UP Solar Power Policy 2013, the Uttar Pradesh Power Corporation Ltd was to sign a power purchase agreements with successful bidders for a period of ten years. Comparably, the other state power distribution utilities sign PPAs for up to 25 years from renewable energy projects.