Solar park tenders, power purchase on hold as Rewa bids disrupt market

Solar park tenders, power purchase on hold as Rewa bids disrupt market

The low bid received for the Rewa solar park in Madhya Pradesh has jolted the market in many ways. While most states are rethinking their tenders, many have gone slow on buying solar power contracted at higher rates.

Solar Energy Corporation of India (SECI) has extended the deadline for three solar parks, Charanka in Gujarat, Bhadla in Rajasthan and Kadapa in Andhra Pradesh. Sources said the tenders had been put on hold after solar tariffs declined to a levelised Rs 3.3 per unit at the Rewa solar power park.

At the Bhadla solar power park, the portion of the project to be built by domestic content has been scrapped. “The cost of solar power has fallen so low that we now have to rethink the process. The reason for shelving the domestic content requirement is in line with the effort to bring down the cost,” said an SECI executive. Read More…

 

Credit By : Business-standard.com

Leave a Reply

Your email address will not be published.