News Brief | January 2017
Amplus Energy offers solar power at Rs.3/unit
In a move that will offer cheapest power from solar rooftop plants, Amplus Energy Solutions has won a bid to install 14.5 MW of solar rooftop plants across 10 states. The tariffs offered are at a record low of Rs.3/unit in Uttarakhand, Himachal Pradesh and Puducherry; and Rs.5.56/unit in other states such as Karnataka, Madhya Pradesh and Maharashtra; while Rajasthan is at Rs.5.38/unit, Haryana at Rs.5.76/unit and Punjab at Rs.6.20/unit. Tariffs are fixed for 25 years. Amplus will install, operate and maintain the project for a period of 25 years and will invest Rs.70 crore for all the projects. The Rs.3/unit or $4 cents tariff is unprecedented in Indian rooftop solar sector that has drastically reduced pricing dynamics.