Power News We love to talk!

APR 12 2017

Flat solar power tariff drops to all time low of Rs. 3.15/unit in AP auction

  • Economic Times, ET Bureau / Hyderabad
  • Created: Wed 12th APR 2017

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 AP 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.” Commenting on this Power Minister Piyush Goyal has tweeted, “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.


Madhya Pradesh Andhra Pradesh Renewable Energy Tariff NTPC Ltd Energy United States Power solar power Solar

Related News

  • Stranded gas-based power plants to generate electricity at around Rs. 5/unit  Read more
  • India, China vie to tap clean energy market by phasing out fossil-fuel vehicles  Read more
  • Government clears 2 major rail projects to address coal supply  Read more
  • JERC: JERCUTS (Solar Power - Grid Connected Ground Mounted and Solar Rooftop and Metering Regulations 2015) and Solar Power Tariff  Read more
  • Andhra Pradesh farmers to generate power with Solar Farming scheme  Read more
  • 20 firms submit bid for Rewa solar power plant  Read more
  • NTPC aims to install 5,000 megawatt of solar power capacity in two years  Read more
  • Now, India takes US to WTO over green energy  Read more
  • Wind power reverse auction today, may witness aggressive bidding  Read more
  • Sterlite Grid issues Rs 925-crore bond  Read more