The Uttar Pradesh Electricity Regulatory Commission (UPERC) has asked Uttar Pradesh Power Corporation Limited (UPPCL) to deposit Rs 72.44 billion in a regulatory fund by January 2022 to meet the renewable purchase obligations (RPO) for 2021-22 and clear the past dues.
This would give payment assurance to solar, wind and hydel power producers supplying electricity to Uttar Pradesh. The amount to be deposited by UPPCL includes Rs 14.59 billion for not meeting its RPO targets till 2020-21, while the balance amount is towards meeting 2021-22 RPO obligations. This is for the first time UPPCL has been asked to pay the RPO funds in advance. Uttar Pradesh’s overdues (pending receivables of 45 days or more) to power producers stood at Rs 56.88 billion till 2020-21.