Solar power tariff plunges to Rs 3.15/unit in AP solar park; creates history : 13 Apr 2017

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During the bidding for the 250-megawatt (Mw) ultra mega solar power park in Kadapa, Andhra Pradesh, the solar power tariff touched an all time low of Rs 3.15 a unit. NTPC has set a standard tariff for 25 years with no escalation for the winning bid at the Kadapa solar park.

The market observers believe that this is lower than the lowest bid received for the 750 Mw solar park in Rewa, Madhya Pradesh. The annual cost escalations in a project that are factored into the final tariff are also included in the levelised tariff. In Tuesday’s auction, the French clean energy company Solairedirect emerged as the lowest bidder for the 250 Mw solar power station.

There are several other bidders in the fray, which include, Azure Power, Greenko Energy and Ostro Energy. The power offtake and payments made the bidding prices dip to such a level, assured an expert.

The oversupply of the solar panels from China is dragging the prices of the solar panels in the domestic market and impacting the net profit of the companies working in this segment, said an industry insider while interacting with a leading news agency.

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