The government is negotiating tariffs with New York-listed Azure Power, the only developer that responded positively to the manufacturing-linked solar tender. Solar Energy Corporation of India (SECI) floated a 10 GW solar tender in May, linked with 5 GW manufacturing capacity, which was later brought down to 3 GW.
While most large players opposed the concept of the tender, Azure submitted bids for setting up 2,000 MW power project combined with 600 MW manufacturing of solar components last month.
While Azure Power has qualified the technical round, the government is trying to negotiate the tariff, asking the company to bring down the tariff it quoted in the technical round, multiple officials aware of developments told ET. Read More
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