Solar power tariff has dropped to a record low of Rs. 2.62 per unit in the auction conducted for Bhadla solar park. The price is even lower than NTPC’s average coal-based power tariff of Rs. 3.20 per unit.
“Bhadla Ph-IV Solar Park results in a historic lowering of tariffs. Phelan Energy (50MW) and Avaada Power (100 MW) have bagged projects at Rs. 2.62/unit. Softbank Cleantech has won 100 MW capacity at Rs. 2.63/unit,” a senior official said.
After the auction… Power Minster Piyush Goyal tweeted “Another milestone towards Prime Minister Narendra Modi’s vision of clean affordable power for all: Bhadla Solar Park achieves tariff of Rs. 2.62/unit”.