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.

Tags

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

Related News

  • Changes to Electricity Act will focus on renewable energy  Read more
  • Multilateral funding agencies may earmark at least 15% of loans for solar projects  Read more
  • Power ministry seeks relief for renewable energy from GST impact  Read more
  • Railways to identify cost-effective energy options, says minister Suresh Prabhu  Read more
  • Akhilesh seeks long-term coal linkage for power plants  Read more
  • CAG pulls up J&K power department  Read more
  • Delhi roads to have only CNG cabs; HC judge says cant discriminate against Ola  Read more
  • Standing committee on coal wants norms for drilling in forest areas to be relaxed  Read more
  • Govt firms assigned coal blocks cannot tie up with private cos  Read more
  • Government plans to merge all state-run hydropower firms; thermal projects may be transferred to NTPC  Read more