New Delhi: The levelised solar power tariff has dropped to all time low of Rs 3.15 per unit in an auction of a 250 MW project at Kadapa in Andhra Pradesh. Earlier in February, the lower capital expenditure and cheaper credit had pulled down solar tariff to a new low of Rs 2.97 per unit for the first year in an auction conducted for 750 MW capacity in Rewa Solar Park in Madhya Pradesh. However, the levelised tariff for Rewa project worked out to be Rs 3.30 per unit.
"The price bid opened and reverse auction carried out for 250 MW (1x250) solar project at Kadapa in Andhra Pradesh under developer mode. Solairdirect has won this project with quoted levelised tariff of Rs 3.15/KWh," a senior official said.
The official said, "Rewa Ultra Mega Solar record of levelised tariff is RS 3.30 which has been broken by NTPC auction today."
Power Minister Piyush Goyal tweeted about the record, "Clean affordable power for all: Solar achieves another record low of Rs 3.15/ unit (flat rate) during auction in Kadapa, AP by NTPC."
In January last year, solar power tariff had dropped to a new low, with Finland-based energy firm Fortum Finnsurya Energy quoting Rs 4.34 a unit to bag the mandate to set up a 70-MW solar plant under NTPC's Bhadla Solar Park tender.
In November 2015, the tariff had touched Rs 4.63 per unit following aggressive bidding by US-based SunEdison, the world's biggest developer of renewable energy power plants.
"The price bid opened and reverse auction carried out for 250 MW (1x250) solar project at Kadapa in Andhra Pradesh under developer mode. Solairdirect has won this project with quoted levelised tariff of Rs 3.15/KWh," a senior official said.
Power Minister Piyush Goyal tweeted about the record, "Clean affordable power for all: Solar achieves another record low of Rs 3.15/ unit (flat rate) during auction in Kadapa, AP by NTPC."
Advertisement
In November 2015, the tariff had touched Rs 4.63 per unit following aggressive bidding by US-based SunEdison, the world's biggest developer of renewable energy power plants.
Advertisement
COMMENTS
Advertisement
Adani Wilmar To Invest Rs 600 Crore To Expand Edible Oil Business, Solar Power Capacities Watch: Sun Unleashes Powerful Solar Flare, Disrupts Radio Signals In Australia, Japan Centre Streamlines Solar Park Approval Process, Industry Leaders Welcome Move Vandalism At Kolkata Hospital Where Doctor Was Raped, Tear Gas Fired Starbucks' Indian-Origin CEO, Recently Fired, Never Worked Past 6 pm 150 mg Semen In Kolkata Doctor's Body, Suspect Gang-Rape: Parents To Court "Malicious Campaign": Top Kolkata Cop Blames Media For Hospital Vandalism 1.4 Million Afghan Girls Banned From Schools Since Taliban Return To Power US Judge Says "Monopolist" Google Can't Avoid App Store Reforms Track Latest News Live on NDTV.com and get news updates from India and around the world.