December 20, 2020
Becomes lowest tariff after ₹2 per kWh offer in November The solar power tariff continues to find a new all-time low level of ₹1.99 per kWh bid in the recent Gujarat auction. This comes within a month of SECI tender in Rajasthan auction wherein a tariff of ₹2 per kWh was quoted. The recent auction by the Gujarat Urja Vikas Nigam Limited for 500 MW witnessed a bidder quoting ₹1.99 per kWh, according to Mercom.
According to a report by Mercom, NTPC made an offer of ₹1.99 per kWh for 200 MW, Torrent Power Limited for 100 MW, Al Jomaiah Energy and Water Company Limited for 80 MW, and Aditya Birla Renewables for 120 MW, are among others.
Solar Cells.
In a big fillip for the surging adoption of solar energy in the nation, tariffs fell to a new record low of Rs 1.99 per unit in an auction conducted by Gujarat Urja Vikas Nigam Limited (GUVNL) yesterday (19 December),
The bid was received in an auction called for 500 megawatts (MW) capacity. However, it should be noted that bids were received only 300 MW capacity. Of this, NTPC, Torrent Power, Aljomaih Energy and Water Company, and Aditya Birla Renewables won 200 MW, 100 MW, 80 MW and 120 MW capacity respectively.
It should be noted that the Rs 1.99 tariff bid comes out, beating the previous bid of all times which stood at Rs 2.00 per unit. The said bid was achieved in another auction conducted by Solar Energy Corporation of India (SECI) in November, earlier this year.
Solar tariffs continue to reach new record lows with a tariff of Rs 1.99 per unit
Synopsis
In the 500MW auction conducted by Gujarat s distribution company, NTPC, Torrent Power, Aljomaih Energy and Water Company, and Aditya Birla Renewables won 200MW, 100MW, 80MW and 120MW respectively at a tariff of Rs 1.99 per unit, sources said.
Agencies
GUVNL (Gujarat Urja Vikas Nigam Limited) could not be reached for a comment.
BENGALURU: Solar tariffs continue to reach new record lows with Saturday s auction fetching a tariff of Rs 1.99 per unit.
In the 500MW auction conducted by Gujarat s distribution company,
Torrent Power, Aljomaih Energy and Water Company, and Aditya Birla Renewables won 200MW, 100MW, 80MW and 120MW respectively at a tariff of Rs 1.99 per unit, sources said.