The latest solar auction has discovered a tariff of Rs 1.99/unit, a new low. The lowest tariff found previously was Rs 2/unit in the November auction. Power from these solar units will be bought by Gujarat. According to sources, state-run NTPC, Torrent Power, Saudi Arabia-based Al Jomaih Energy and Water Co and Aditya Birla Renewables quoted the lowest tariff for building 200MW,100MW,80 MW and 120MW solar projects, respectively.
NTPC and Al Jomaih were also the winners in the November auction where prices dropped to Rs 2/unit. Industry watchers said that having an assured buyer for power was a key driver to the discovery of record low tariff amid fiercely competitive bidding.
