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India’s Uttar Pradesh Plans 300-Megawatt Solar Auction

July 30 (Bloomberg) -- India’s Uttar Pradesh state has invited companies to bid for contracts to build 300 megawatts of solar photovoltaic capacity.

Companies must submit their bids by Sept. 8, the Uttar Pradesh New and Renewable Energy Development Agency said in a notice on its website. Separately, the agency is planning another auction of 20 megawatts aimed at developers seeking smaller projects of less than 5 megawatts, Namrata Kalra, a project officer at the agency, said by phone today.

The northern state targets building 500 megawatts of photovoltaic capacity by 2017 under a state solar policy released last year. It has signed power purchase agreements with six developers, including Moser Baer India Ltd. and Azure Power India Pvt., for 130 megawatts of capacity, agreeing to buy photovoltaic power at tariffs ranging from 8,001 rupees ($133) a megawatt-hour to 9,330 rupees, according to the agency.

Uttar Pradesh is also negotiating forming a venture with state-run hydropower generator NHPC Ltd. to set up 50 megawatts of solar capacity, Kalra said.

To contact the reporter on this story: Natalie Obiko Pearson in New Delhi at npearson7@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Indranil Ghosh

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