Strong response, drop in tariffs at NTPC solar auction

Strong response, drop in tariffs at NTPC solar auction

Tariffs fell to Rs 2.72-2.73 per unit in the 750 MW auction conducted by NTPC for projects at Ananthapuram Solar Park in Andhra Pradesh, a sizeable drop from previous auctions. But they were still well above the record-low solar price of Rs 2.44 per unit reached at an auction held in May 2017.