In Gujarat Urja Vikas Nigam Ltd (GUVNL) solar auction of projects of 500 MW capacity conducted last week the industry witnessed solar power tariff dropp to an all-time low of INR 1.99 per unit.
“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.
Sources aware of the matter speaking to PTI said 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.
Solar power tariff had dropped to record low of Rs 2per unit in an auction for 1,070 MW projects conducted by the Solar Energy Corporation of India (SECI) last month.
Under the SECI auction concluded last month, Al Jomaih Energy and Water Co. and Sembcorp Energy India arm Green Infra Wind Energy Ltd had emerged as the lowest bidders by quoting a tariff of Rs 2 per unit for 200MW and 400MW capacities respectively.
Under the SECI auction, the NTPC quoted a price of Rs 2.01 per unit for 600 MW capacity.
However, the NTPC got the balance amount of 470 MW even as it had bid for 600 MW because it was the L2 (second lowest) in the auction.
In July this year, solar power tariffs had dropped to a low of Rs 2.36 per unit in an auction of 2GW capacities by SECI.
Via: PTI
Climate Samurai has small but strong editorial team that brings you uninfluenced and curated news that you can trust. To support truly independent journalism, please consider taking a subscription which is free like our thought.