The Karnataka Electricity Regulatory Commission (KERC) has proposed a capital cost of ₹37.33 million (~$0.54)/MW for solar photovoltaic (PV) projects to be developed in Karnataka.
The KERC proposal follows a discussion paper issued by the commission in February 2019 in which it had proposed a lower ₹31.4 million (~$0.44 million)/MW as the capital cost for solar PV projects.
Higher capital cost proposed is the only deviation from the discussion paper issued earlier. The discussion paper focused on setting tariff for solar PV power projects, including rooftop solar projects for the financial year 2020.
The Karnataka commission had issued the discussion paper as it was of the view that the growth in the rooftop solar sector has not been encouraging with only 154 MW of projects installed and commissioned in the state.Read More
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