News Brief | December 2016
Solar tariffs may touch record low as SECI sets reserve price at Rs.4/kwh
Solar Corporation of India´s latest online tender for setting up the 750 MW Bhadla Solar Park in Rajasthan may prove to be a trendsetter, with the corporation setting the reserve price at a record low of Rs.4/kwh. The park is to be built in Jodhpur - 500 MW in Bhadla Phase III and 250 MW in Bhadla Phase IV as part of the second phase (Batch IV) of JNNSM. The price is a steep drop and has been possible as Bhadla has the highest solar radiation in the country and thereby can generate the cheapest solar power. Commenting on the same, Ashvini Kumar, Managing Director, SECI said, ´The government has fixed solar power tariff at Rs. 4 per unit as the benchmark rate for all tenders in the states where solar tariff has been discovered at up to Rs. 4.50 per unit in various auctions. We want tariffs to go lower, so that states show more interest in solar energy.´ This tender marks SECI having auctioned over 5 GW (5,410 MW) under the VGF scheme in less than 15 months period.