Solar Cost Fall to Record INR 5.05 (USD 0.08 ) /Kwh

Lowest Winning Tariff : Rs.5.05 per kWh (Skypower) ; Highest Winning Tariff : Rs 5.64 (Hero)

State : Madhya Pradesh

Type of Project : State PPA

PPA Duration : 25 years

Size of tender : 300 MW

Application Received : 3744 MW ( 13 Times Oversubscribed )

No of Participating Companies : 95 +

Major Bidders  : Hero Future , Welspun , Azure , Acme , Renew , Adani Group , Reliance Power

Results from Financial Bid Opening *: 

S.No. Company Name MW Capaity Tariff ( In INR / KWh )
1 Sky Power South east Asia holding ltd. 50 5.051
2 Sky Power South east Asia holding ltd. 50 5.109
3 Sky Power South east Asia holding ltd. 50 5.298
4 Narbheram Vishan ( Atha Group ) 20 5.380
5 Narbheram Vishan ( Atha Group ) 10 5.398
6 Narendra Kumar Khanna 2 5.451
7 Made Easy Education 10 5.452
8 Fluid Engineers 2 5.456
9 Rays power Experts 12 5.457
10 Design Co. 5 5.610
11 Renew Solar Power 51 5.630
12 Hero Solar Energy 50 5.641

*Tentative list , Final List would be available soon .

This is the lowest Tariff for solar project discovered till time in India in any of reverse bidding undertaken by state/central agency and this has increased the spotlight on the current NTPC Tender for Projects in Solar Park in AP and Rajasthan . Even the Telangana Solar Tender result would be out soon and it is supposed to be following the same trend or probably will see more aggressive tariff being offered

With the kind of Investment plan proposed by Major industrial Giants  of India and MNC’s , Grid Parity doesn’t look to be far for becoming reality and It’s a good sign for Indian Market .

Detailed Analysis of the Bid result and its implication would be followed in next post ..

In case of any information or assistance related to bidding in solar project in India is required , drop a line in comment section .

Till then …Keep the sunny side UP 🙂

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