MSEDCL records rate of Rs 2.42 per unit for electricity purchase from RE sources

Maharashtra State Electricity Distribution Company Limited (MSEDCL) has got a record low rate of Rs 2.42 per unit for electricity purchase from renewable energy (RE) sources for consumers across the Maharashtra.

MSEDCL had floated tenders to invite bids for 500 MW solar energy for which it received the lowest bid of Rs 2.42 per unit. It got another low bid of Rs 2.62 per unit for tenders floated for procuring 500 MW wind-solar hybrid energy. These rates are lower than the average rate of Rs 4 per unit for thermal energy purchase. Maharashtra has a target of 17,360 MW from solar projects in five years.

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