The developer will supply energy to India’s largest utility under a 25-year PPA and can build the project anywhere in the nation, with construction to finish in early 2021.
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.
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