The country can save up to Rs 54,000 crore in power costs and reduce air pollution by replacing expensive coal plants with renewables, according to a new analysis by GreenpeaceIndia.
The analysis compared 2015-2016 tariff data published by the Central Electricity Authority with an “assumed” renewable energy tariff of Rs 3/kWh, it claimed in a statement.
New tariff bids for solar energy and onshore wind have dropped well below Rs 3/kWh, with solar power reaching a record low of 2.44 and wind reaching a record low of 2.64, it said.
“Analysis of India’s coal power tariff data shows that replacing the most expensive coal power plants with electricity generated by solar photovoltaics (PV) and wind can save discoms and consumers up to Rs 54,000 crore annually,” it claimed in the statement. Read More…
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