GEAPP Partners with UP e-way Authority for Solar Park

22 Oct 2024 , 03:03 PM

On Tuesday, the Uttar Pradesh Motorways Industrial Development Authority and the Global Energy Alliance for People and Planet (GEAPP) announced their partnership to build a 450–500 MW solar park along the Bundelkhand Motorway, valued at Rs 1,800 crore.

By creating a green energy corridor across the 296-kilometer motorway, this enormous project—the first of its type in India—will turn the area into a model for scalable solar-powered infrastructure, according to a statement.

The possibility for putting up to 450 MW of solar power projects along the expressway’s allocated land area of 15-20 meters on both sides was confirmed by GEAPP after carrying out a thorough feasibility analysis, the statement said.

According to the statement, the project, which is expected to cost around Rs 1,800 crore, will provide power at a competitive rate.

With 1,700 hectares of available land, the solar park will follow the Build-Own-Operate model. The project’s overall duration can be extended for up to 25 years after it starts commercial operations, indicating a sustained investment in environmental and economic sustainability.

The bidder will be chosen based on the offer of a revenue split with the authority, and the project will go through a single-stage bidding procedure.

On October 8, the Uttar Pradesh Infrastructure Development Authority (UPEIDA) released a Request for Proposals (RFP), requesting proposals from all over the world.

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