Solar Tariffs Continue To Trend Downwards: ICICI Securities
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ICICI Securities Report
In the latest bids conducted by Gujarat Urja Vikas Nigam Ltd. (Gujarat discom) for procuring 500 megawatt state transmission utility connected solar power, tariffs discovered a new record low at Rs 1.99/kilowatt hour.
This beats the previous low clocked in the bids conducted in December 2020 by Solar Energy Corportion of India for 1,070 MW for Rajasthan, which discovered tariff of Rs 2/kWh.
The winners of the bid at Rs 1.99/kWh are -
- NTPC Ltd. - 200MW
- Torrent Power Ltd. - 100MW
- Al Jomiah Energy and Water Company (Saudi Arabia) – 80MW
- Aditya Birla Renewables – 120MW
Successful bidder is expected to construct the project, including the transmission network up to the delivery point (which is the state grid).
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