Record low tariff of Rs 1.99 per unit achieved in GUVNL’s Phase XI auction

Solar power tariff has dropped to an all-time low of Rs 1.99 per unit in an auction of projects of 500 MW capacity by Gujarat Urja Vikas Nigam Ltd (GUVNL) last week. …

NTPC Limited (200MW), Torrent Power (100MW), Saudi Arabian firm Al Jomaih Energy and Water Co. (80MW) and Aditya Birla Renewable (120) have emerged as the lowest bidders by quoting Rs 1.99 per unit tariff under the auction. Earlier, tariffs had dropped to a record low of Rs 2 per unit in an auction for 1,070 MW projects conducted by the Solar Energy Corporation of India (SECI) in November 2020.

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