From the highs of Rs 12-14 a unit just two years back, solar power tariffs in India have fallen to a low of Rs 2.44 per unit in the bidding for Bhadla Phase-III Solar Power Park in Rajasthan, union minister of state for power, coal, renewable energy and mines minister Piyush Goyal said.
“Latest solar power auction at Bhadla Solar Park 3 sets new record with electricity tariff of Rs 2.44/unit,” Goyal tweeted on Friday. Solar Energy Corporation of India (SECI) is developing the 500 MW solar park at Bhadla with Saurya Urja Co. of Rajasthan Renewable Energy Corp. Ltd.
Solar Energy Corporation of India (SECI) is developing the 500 MW solar park at Bhadla with Saurya Urja Co. of Rajasthan Renewable Energy Corp. Ltd.
The tariff in Bhadla has been fixed for 25 years with no escalation and the bidders have sought no viability gap funding from the government, officials said.
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