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.
 

Comments

 

Other News

India improves position on Network Readiness Index

India has improved its position by four slots and is now placed at 45th rank in the Network Readiness Index 2025 (NRI 2025) report prepared by Portulans Institute, Washington DC.   The report, released on February 4, maps the network-based readiness landscape of 127 economies based on th

Framework for India-US Interim Agreement announced

India and the United States on Saturday announced they had agreed on an interim framework for an interim trade agreement, indicating a broad roadmap of the opening of the markets and reduction in trade tariffs on both sides. In a message on X, prime minister Narendra Modi said, “Great

India’s quiet rise as the world’s `Third Pole`

A silent re-calibration is going on in the international system, which is becoming more polarized, volatile, and entered of spheres of influence. The world does not evolve in the new era of bipolar competition of the United States and China, nor does it evolve on the setback of Russia in the role of a spoi

‘Tariff king’ to trade partner: Why Trump’s sudden U-turn surprises India

On February 2 at around 10 PM, Sergio Gor, who had become US ambassador to India just three weeks ago, posted a cryptic message on his official handle on X, stating, “President Trump just spoke with Prime Minister Modi. STAY TUNED….” This created a buzz across media in India as the two l

One overlooked skill for success: The art of saying no

The Power of Saying No!: Why Really Successful People Say No to Almost Everything By Ashutosh Garg Rupa Publications, 200 pages, Rs 395

US reduces tariffs on India to 18%

US president Donald Trump has announced a reduction on tariffs on Indian imports from a punitive 50% to 18%. He called prime minister Narendra Modi late Monday (India time) and then announced the decision on social media. Trump said India would now stop buying oil from Russia and will procure it from the U


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter