India plans 20GW solar power project tender
A senior government official said plans to introduce a megaproject bid to boost solar equipment manufacturing in India and lower electricity tariffs substantially. The government will release contracts to developers who are quoting the lowest price at which they will sell electricity in the auction process to be connected to the grid.
"The tender is being conceptualized by the Ministry of New and Renewable Energy (MNRE) .This contract will be awarded once with the developer to build the project gradually," said a government official who declined to be named.
The solar tariff fell to a record low of Rs2.44 per kilowatt hour (kWh) in May and rose to Rs2.65 per kWh in an auction by the Gujarat government in September. This rate is lower than the average power level generated by coal-fired projects.
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