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Solar power tariffs have dropped to a record low of Rs 2.62 per unit in the auction conducted for Bhadla Solar Park. The price is even lower than NTPC’s average coal-based power tariff of Rs 3.20 per unit. In April, the levelised solar power tariffs had dropped to all-time low of Rs 3.15 per unit in an auction for a 250-MW project at Kadapa in Andhra Pradesh. Earlier in February, the lower capital expenditure and cheaper credit had pulled down solar tariffs to a new low of Rs 2.97 per unit for the first year in an auction conducted for 750-MW capacity at Rewa Solar Park in Madhya Pradesh.