UPPCL signs 300 MW solar PPA with MB Power at INR 2.57/kWh for 25 years in Uttar Pradesh
Type: Ppa · Technology: Solar · Country: India · Capacity: 300 MW · Announced: 2026-08-31
Uttar Pradesh Power Corporation Limited (UPPCL) signed a power purchase agreement with MB Power for the supply of 300 MW of solar electricity at a tariff of INR 2.57 per kilowatt‑hour for a 25‑year term. The PPA was approved by the Uttar Pradesh Electricity Regulatory Commission after confirming the merger of FBPL with MB Power Limited. The agreement covers solar generation in Uttar Pradesh and locks in a long‑term price for the state utility. The deal strengthens UPPCL’s renewable procurement portfolio and provides MB Power with a stable revenue stream for its solar assets. The regulatory approval underscores the commission’s focus on diligence in future PPAs involving corporate mergers.
Counterparties
- Uttar Pradesh Power Corporation (Offtaker)
- MB Power (Developer)
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