Wind power tariff dropped to an all time low of Rs2.43 per unit kilowatt hour in an auction conducted by Gujarat Urja Vikas Nigam Ltd (GUVNL) on Thursday, giving a further boost to the government’s clean energy initiatives.
In an auction for 500 MW wind power capacities, Sprng Energy and K P Energy quoted the lowest tariff of Rs2.43 per unit, reports quoting GUVNL MD Pankaj Joshi as saying.
In all, six companies, including Sprng Energy Private Limited, KP Energy Limited, Verdant Renewables Private Limited, Betam Wind Energy Private Limited, Powerica Ltd and ReNew Power Ventures Private Ltd, won bids to supply 500MW of wind power to GUVNL through competitive bidding.
The reverse auction, conducted after several delays, tariff rates quoted by bidders reached the country’s lowest at Rs2.43 per kilowatt hour (kWh). Read More…