New Delhi: The Ministry of New and Renewable Energy (MNRE) on Monday announced a reduction in tariff by 70 paise to Rs 2.8 per unit under the second phase of the Central Public Sector Undertaking (CPSU) programme for development 12 GW of solar projects. Besides, the ministry has also increased the timeframe for implementation of these projects from existing 18 months to 24 months and also changed the nodal agency for conducting auctions of these projects.
Now, the Indian Renewable Energy Development Agency (IREDA) would complete the task instead of Solar Energy Corporation of India (SECI).
