Solar power tariff touches record low of Rs 3 a unit

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Solar tariff has fallen to an all-time low of Rs 3 per unit, which was quoted by Amplus Energy Solutions in an auction for rooftop solar power conducted by Solar Energy Corporation of India (SECI).

“In a move that will offer cheapest power from solar rooftop plants, Amplus Energy Solutions has won a bid to install 14.5 MW of solar rooftop plants across 10 states. The tariffs offered are at a record low of Rs 3/unit in three states and Rs 5.3-6.2/unit in other states in India. Tariffs are fixed for 25 years,” Amplus Energy Solutions said in a statement.

According to statement Amplus won the bid under the 500 MW rooftop grid connected scheme in different states floated by SECI.

The Rs 3 per unit or USD 4 cents tariff is unprecedented in Indian rooftop solar sector that has drastically reduced pricing dynamics, it said.

Uttarakhand, Himachal Pradesh and Puducherry will get solar at Rs 3 per unit, while others such as Karnataka, Madhya Pradesh and Maharashtra will get solar power at Rs 5.56/unit. Rajasthan at Rs 5.38/unit ,Haryana at Rs 5.76/unit and Punjab at Rs 6.20/unit, it added.

The capacities bagged by Amplus under this bid are Maharashtra (3MW), Rajasthan (2MW), Punjab (2MW), Karnataka (2MW), Haryana (2MW), Himachal Pradesh (1MW), Madhya Pradesh (1MW), Uttarakhand (0.5MW), Puducherry (0.5MW) and Chandigarh (0.5MW), it said.

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