Solar power tariffs close to sub Rs 3 per unit mark
NEW DELHI: Solar power tariffs have fallen to Rs 3 per unit and are expected to slide further in an ongoing online reverse auction.
Bidding for contracts to set up Madhya Pradesh government's 750-mw Rewa ultra mega solar park is on.
Manu Srivastava, principal secretary, new and renewable energy, Madhya Pradesh government told ET on Friday morning the auction results were - Rs 3.018 per kWh for the first unit, Rs 3.01 per kWh for the second unit and third units of 250 - mw each.
These are the tariffs being quoted by developers for the first year. For average tariff for the plant life of 25 years, Rs 0.33 per unit needs to be added.
Rewa ulta mega solar, a 50:50 joint venture of Madhya Pradesh Urja Vikas Ltd and Solar Energy Corp of India will sell the electricity produced to Madhya Pradesh utilities and Delhi Metro Rail on an open access basis.
Bidding for contracts to set up Madhya Pradesh government's 750-mw Rewa ultra mega solar park is on.
Manu Srivastava, principal secretary, new and renewable energy, Madhya Pradesh government told ET on Friday morning the auction results were - Rs 3.018 per kWh for the first unit, Rs 3.01 per kWh for the second unit and third units of 250 - mw each.
These are the tariffs being quoted by developers for the first year. For average tariff for the plant life of 25 years, Rs 0.33 per unit needs to be added.
Rewa ulta mega solar, a 50:50 joint venture of Madhya Pradesh Urja Vikas Ltd and Solar Energy Corp of India will sell the electricity produced to Madhya Pradesh utilities and Delhi Metro Rail on an open access basis.
