Besides, he stressed on meeting the centrally mandated target of 10,000 mw of renewable energy by 2022.
In fact, the Adityanath government is planning to invest almost Rs 20,000 crore in ramping up the state power transmission infrastructure in the next 5 years.
So far, state power utility UP Power Corporation Limited (UPPCL) has tied up for procuring 1,800 mw of solar energy from private companies, including Azure Power India, ReNew Solar Power, Hero solar Energy etc.
The state energy watchdog, UP Electricity Regulatory Commission (UPERC), has fixed among the lowest solar tariff currently applicable anywhere in India for these PPAs by approving tariffs ranging from Rs 2.47 per unit to Rs 3.23 per unit. UPERC is of the opinion that these fresh PPAs would “significantly enhance the solar portfolio basket” of UPPCL and discoms.
Besides, in August 2019, the state cabinet had cleared the proposal of renewable energy majors ReNew Power and Shapoorji Pallonji to collectively invest about Rs 750 crore in a 150 mw floating solar power project in UP. It is not only touted as the first such project in the state, but also the largest floating solar project anywhere in India.
The project would come up at the existing Rihand hydro power project of UP Jal Vidyut Nigam Limited (UPJVNL) in Sonbhadra district. ReNew Power and Shapoorji Pallonji will develop 100 mw and 50 mw of the solar power capacity respectively. They will supply solar power to UPPCL for the next 25 years after commissioning at the rate of Rs 3.36 per unit.