The Uttar Pradesh Electricity Regulatory Commission (UPERC) has continued proceedings on a petition filed by Uttar Pradesh Power Corporation Limited (UPPCL) seeking approval of a long-term solar power procurement agreement. The matter relates to Petition No. 2273 of 2025, under which UPPCL has requested the Commission’s approval for a Power Purchase Agreement (PPA) executed with M/s MB Power (Madhya Pradesh) Limited (MBPL).
The agreement, signed on July 16, 2025, involves the procurement of 300 MW of solar power for a period of 25 years. The power procurement is proposed under a competitive bidding process, and UPPCL has also sought tariff adoption approval from the Commission.
The hearing in the matter was held on June 4, 2026, at the Commission’s headquarters in Lucknow. The proceedings were conducted before Chairman Arvind Kumar and Member Sanjay Kumar Singh. Representatives from UPPCL, MBPL, and Hindustan Power were present during the hearing.
During the proceedings, counsel for MBPL, Sh. Altaf Mansoor, informed the Commission about the status of an amalgamation or merger process that had been raised during earlier hearings. According to the submission, significant progress has been made in project-related activities. However, the formal merger process is still awaiting final approval from the Registrar of Companies.
MBPL informed the Commission that the merger process is expected to be completed by the end of June 2026. In view of the pending approval, the company requested that the next hearing be scheduled for a later date, preferably towards the end of July 2026, to allow sufficient time for completion of the merger formalities.
While considering the request, the Commission issued an important clarification regarding investments being made in the project. UPERC stated that any capital expenditure or investment undertaken by MBPL before the formal approval of the PPA and tariff adoption would be entirely at the company’s own risk and cost. The Commission made it clear that such investments would not create any liability on the part of the regulatory authority.
The Commission also allowed MBPL the option to mention the matter earlier if the merger process is completed before the expected timeline. After reviewing the submissions made by the parties, UPERC decided to adjourn the matter and scheduled the next hearing for August 6, 2026.
The final order in the case was issued on June 11, 2026. The matter will now be taken up again after the completion of the merger process and submission of the relevant approvals before the Commission.
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