Solar power companies seek UP CM intervention for LOI award

Private solar power companies have sought the intervention of Uttar Pradesh chief minister Yogi Adityanath in securing the award of contracts they won in February last year.

NV Vogt Singapore Private Limited, Al-Jomaih-Jakson Power Private Limited, Vijay Printing Press Private Limited, and Talettutayi Solar Projects Eight have been waiting to sign the contracts after they emerged as lowest bidders for supplying about 184 Mw solar capacity in reverse auctions held February last year.

As per bid documents, the letters of intent (LOI) was expected to be issued within 94 days of the e-reverse result but the companies have been thrice asked to extend the validity of bank guarantee.

“Since the completion of the reverse auction process, our members have been keenly waiting for the issuance of LOI from UPNEDA and Power Purchase Agreement (PPA) execution with Uttar Pradesh DISCOM so they could start the construction of their projects in full swing.

Our members have been approaching UPERC, UPPCL, UPNEDA to raise this issue and requesting for the early issuance of the LoI but never received concrete response,” the National Solar Energy Federation of India (NSEFI) has said in its letter to Adityanath.