“NTPC is selling solar power at Rs 3.50 a unit, which is currently the lowest in the market. There could be dollar-denominated bidding and the price may come down to Rs 4.50 or so,” company chairman Arup Roy choudhury said on Monday before handing over charge to director (technical) A K Jha, the senior-most member on the board.
Roychoudhury’s five-year term ended on Monday after the government denied extension till his superannuation age, first reported by TOI on August 7. Jha will be in charge for three months, or till a new chairman is appointed, whichever is earlier. A search committee under power secretary P K Pujari has been tasked to select Roychoudhury’s successor.
Source: The Times of India