Solar tariffs continue to reach new record lows with a tariff of Rs 1.99 per unit

BENGALURU: Solar tariffs continue to reach new record lows with Saturday’s auction fetching a tariff of Rs 1.99 per unit.

In the 500MW auction conducted by Gujarat’s distribution company, NTPC NSE -1.11 %, Torrent Power NSE -0.33 %, Aljomaih Energy and Water Company, and Aditya Birla Renewables won 200MW, 100MW, 80MW and 120MW respectively at a tariff of Rs 1.99 per unit, sources said.

GUVNL (Gujarat Urja Vikas Nigam Limited) could not be reached for a comment.

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