Solar power tariff hits all-time low at NTPC auction

An Indian arm of French clean energy firm has quoted levelised tariff of Rs 3.15/KWh

GN Bureau | April 17, 2017


#PSU   #solar power   #NTPC  
National Thermal Power Corporation (NTPC) has set another record by offering lowest solar power tariff at the auction of its 250 MW Kadapa solar park in Andhra Pradesh. 
 
An Indian arm of French clean energy firm — Solairedirect SA which bagged the contract of Kadapa solar park project has quoted levelised tariff of Rs 3.15/KWh. The earlier record of Rs 3.30 per unit levelised tariff for Rewa Ultra Mega Solar Power Project in Madhya Pradesh has been broken by NTPC. 
 
At current rates, solar power generation cost is at par with that of thermal power generation. Notably, solar power tariff has been declining on account of sharply declining prices of solar panels and better structuring of the project that reduces risk for project developers. 
 
The initiative would give a boost to the prime minister Narendra Modi’s vision of providing 175 GW of power through renewable sources by 2022.
 

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