CHENNAI: Tariff for solar power from the 500 MW capacity Pavagada Solar Park in Tumkur, Karnataka, has stayed below Rs 5 per unit in the auction conducted by state-run National Thermal Power Corporation Ltd.
The lowest tariff quoted at the auction was Rs 4.78 per unit, but still remained higher than the record low bid of Rs 4.34 per unit that was recorded in January. The current lowest bid of Rs 4.78 has been quoted by RattanIndia arm Yarrow Infrastructure Ltd, which also bagged a 50 MW project under the auction conducted by NTPC on Tuesday.
Meanwhile, Adani, Fortum India, ACME and Tata Power Renewable quoted prices of Rs 4.79 per unit and bagged 100 MW each under the solar power park project and Renew Power bid for a price of Rs 4.80 per unit and got 50 MW under the project.
NTPC has planned a capacity addition of about 1,000 MW through renewable resources by 2017 and has already commissioned 110 MW Solar PV Projects.