Gujarat solar auction sees winning tariff of Rs 2.65/unit

Posted under - Policies & Incentives by admin on September 23, 2017

A reverse auction of 500 MW of solar projects held by the Gujarat government on Tuesday saw the lowest winning bid at Rs 2.65 per kwH. This was the first solar auction held after the two conducted by Solar Corporation of India in May, when one of the winning bidders had promised to sell power at a record low of Rs 2.44 per kwH.
The auctions in May were held for projects at the Bhadla Solar Park in Rajasthan’s Jodhpur district, where solar radiation is the highest in the country. It was expected that winning bids at the latest auction conducted by Gujarat Urja Vikas Nigam Ltd, as the state’s nodal power company is called, would be a shade higher. read more ...

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