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India’s solar power tariffs hit a new record low of Rs. 2 per unit.

India’s solar power tariffs hit a new record low of Rs. 2 per unit on Monday during a bid conducted by state run Solar Energy Corporation of India Ltd (SECI), said a government official aware of the development.

The previously lowest recorded solar tariff in the country was of ?2.36 per unit.

Saudi Arabia’ Aljomaih Energy and Water Company and Singapore headquartered Sembcorp’s India arm’ Green Infra Wind Energy Ltd. placed the winning bids of Rs. 2 per kilowatt-hour (kWh) to win the contracts to build 200 MW and 400 MW of solar projects respectively. State run NTPC Ltd placed the second lowest winning bid of Rs. 2.01 per unit to secure the balance 470 MW capacity.

“A record low bid price of Rs. 2 per unit was discovered during this auction," said the government official cited above requesting anonymity.

   

[source: livemint.com, 23/11/2020]


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