Renewable energy ministry rules out removal of tariff caps


Renewable energy ministry rules out removal of tariff caps

The government will not remove the wind and solar ‘tariff caps’ or the fixed highest ask price in the wind and solar capacity auctions of the Government of India, Anand Kumar, Secretary, Ministry of New and Renewable Energy, told BusinessLine on Tuesday.

The Government of India-owned company, SECI, conducts capacity auctions on behalf of the government. The tariff caps for the latest auctions of wind and solar were Rs 2.93 and Rs 2.85 respectively.

The existence of the tariff caps has been a sore point with the industry, which it finds unfair and unviable. Read More

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