Applications & Installations

Low tariff secured for NTPC’s 2 GW Indian solar auction

Amidst the Indian government’s yo-yoing on the 25% safeguard duty, the National Thermal Power Corporation’s (NTPC) auction to develop 2 GW of interstate transmission system (ISTS)-connected solar PV projects attracted a low winning tariff of Rs. 2.59 (US$0.0372) per unit.
By
Preeti Verma Lal
NTPC’s relative success is attributed to its excellent financials and reputation for guaranteeing off-take and timely payments, unlike many state utilities. | Image: NTCP

During Tuesday’s auction, Acme Solar, Shapoorji Pallonji Infrastructure and Azure Power quoted the lowest tariff of Rs. 2.59, followed by SB Energy, with Rs. 2.60 ($0.0373) per unit.

Overall, Acme Solar – which recently said it would quit its PV pipeline unless safeguard tariffs were passed onto utilities – was awarded 600 MW, while Shapoorji Pallonji Infrastructure received 500 MW, and Azure Power, 300 MW.

Read the full article on pv magazine India.

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