National Solar Mission: bidders quote low tariff, bag projects

Lowest bid in second batch of solar energy projects was for Rs7.49/unit. The way the Jawaharlal Nehru National Solar Mission is making progress, it is expected that solar energy will soon be as cheap as energy from conventional sources. At least, that is what emerged from the second batch of bidding under the National Solar Mission held on December 2 for 350 MW capacity. The lowest bid was for Rs7.49 per unit, which is 50 per cent lower than the benchmark tariff of Rs15.39/unit fixed by the Central Electricity Regulatory Commission (CERC). for full text: