NTPC cancels 250 MW solar power auction

NTPC has cancelled the result of its 250 MW solar auction, which was conducted under the domestic content requirement (DCR) category in October 2017. The auction was won by Azure Power Global Limited which quoted a tariff of Rs 3.14 per unit. It has been cancelled because as per the tender documents, the power was to be sold to the New Delhi Municipal Corporation (NDMC), which would have violated the World Trade Organization norms. As per the norms, DCR projects can be set up if the power is bought entirely by public sector enterprises or government departments for their own use but cannot be sold to retail consumers.

GET FREE ACCESS TO OUR ARTICLES

Enter your email address