New Delhi: India’s solar power tariffs hit a new record low of Rs2 per unit on Monday during a bid conducted by state run Solar Energy Corporation of India Ltd (SECI), said a government official aware of the development.
The previously lowest recorded solar tariff in the country was of ₹2.36 per unit.
Saudi Arabia’ Aljomaih Energy and Water Company and Singapore headquartered Sembcorp’s India arm’ Green Infra Wind Energy Ltd. placed the winning bids of Rs2 per kilowatt-hour (kWh) to win the contracts to build 200 MW and 400 MW of solar projects respectively. State run NTPC Ltd placed the second lowest winning bid of Rs2.01 per unit to secure the balance 470 MW capacity.
