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Solar power tariff dips to all-time low of Rs 1.99/unit.

NEW DELHI : Solar power tariff has dropped to an all-time low of Rs 1.99 per unit in an auction of projects of 500 MW capacity by Gujarat Urja Vikas Nigam Ltd (GUVNL) last week.

"Now the solar power tariff has dropped to a new low of Rs 1.99 per unit in an auction for 500MW projects by GUVNL last week," a source told PTI.

State-run power giant NTPC (200MW), Torrent Power (100MW), Saudi Arabian firm Al Jomaih Energy and Water Co. (80MW) and Aditya Birla Renewable (120) have emerged as the lowest bidders by quoting Rs 1.99 per unit tariff under the auction, the source added.

Solar power tariff had dropped to record low of Rs 2 per unit in an auction for 1,070 MW projects conducted by the Solar Energy Corporation of India (SECI) last month.

 

[source: livemint.com, 21/12/2020]


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