NEW DELHI : Solar power tariff remained below Rs 5 per unit in the latest auction conducted by state-run NTPC Ltd for 500 MW capacity at Pavagada Solar Park in Tumkur, Karnataka.
“The lowest tariff was quoted at Rs 4.78 per unit in the auction concluded yesterday by the NTPC Ltd for its solar capacity at Pavagada Solar Park in Tumkur district of Karnataka,” a source said.
“One company quoted Rs 4.8 per unit while four firms gave same price of Rs 4.79 per unit under the auction for solar project,” he said.
However, the tariffs bid were above the record low of 4.34/unit seen in January.
NTPC has planned a capacity addition of about 1,000 MW through renewable resources by 2017. It has already commissioned 110 MW Solar PV Projects and another 15 MW Solar PV and 8 MW Small Hydro Projects are under implementation.
@ Agency report.
