New Delhi: The government is set to realise PM Narendra Modi’s clean energy vision, with solar power tariff hitting a record low Rs 4.34 a unit, power and coal minister Piyush Goyal on Tuesday said.
“Through transparent auctions with a ready provision of land, transmission and the like, solar tariffs have come down below thermal power cost,” Mr Goyal said in a tweet. “We are moving rapidly towards realising the clean energy vision of Prime Minister Narendra Modi,” he tweeted.
The solar power tariff fell to an all-time low, with Finland-based energy firm Fortum Finnsurya Energy quoting Rs 4.34 to bag the mandate to set up a 70-mw solar plant under NTPC’s Bhadla Solar Park tender.
This beats the record set by the US-based SunEdison in quoting the lowest tariff of Rs 4.63.
“This (Rs 4.34 a unit) is the lowest solar tariff so far in India. This has happened because of confidence in the balance sheet of NTPC and solar parks that come with all clearances and confidence in the market,” new and renewable energy joint secretary Tarun Kapoor said. NTPC on Monday conducted the reverse bidding for 420 MW solar power projects to be set up at the Bhadla Solar Park-II near Jodhpur in Rajasthan.
