Insta
Solar Tariffs Fall To Record Low Of Rs 1.99 Per Unit In Auction Organised By Gujarat Discom
Solar Cells.
In a big fillip for the surging adoption of solar energy in the nation, tariffs fell to a new record low of Rs 1.99 per unit in an auction conducted by Gujarat Urja Vikas Nigam Limited (GUVNL) yesterday (19 December), reports Economic Times.
The bid was received in an auction called for 500 megawatts (MW) capacity. However, it should be noted that bids were received only 300 MW capacity. Of this, NTPC, Torrent Power, Aljomaih Energy and Water Company, and Aditya Birla Renewables won 200 MW, 100 MW, 80 MW and 120 MW capacity respectively.
It should be noted that the Rs 1.99 tariff bid comes out, beating the previous bid of all times which stood at Rs 2.00 per unit. The said bid was achieved in another auction conducted by Solar Energy Corporation of India (SECI) in November, earlier this year.
The development comes as a big boost for the nation which is looking to have a capacity of 100 GW of solar power generation capacity by 2022 when India would have completed 75 years of Independence from the usurious British Raj.
Introducing ElectionsHQ + 50 Ground Reports Project
The 2024 elections might seem easy to guess, but there are some important questions that shouldn't be missed.
Do freebies still sway voters? Do people prioritise infrastructure when voting? How will Punjab vote?
The answers to these questions provide great insights into where we, as a country, are headed in the years to come.
Swarajya is starting a project with an aim to do 50 solid ground stories and a smart commentary service on WhatsApp, a one-of-a-kind. We'd love your support during this election season.
Click below to contribute.
Latest
