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Title: Solar tariffs in Tamil Nadu: State discovers Rs 3.47 per unit rate in revenue auctions
Source:The Financial Express
Date:5 July 2017

Tariffs for solar power in Tamil Nadu touched as low as Rs 3.47/unit in reverse-auctions held over the weekend. The biddings were done for 1,500 MW solar plants. The tariff is much lower than Rs 4.40/unit, which was the lowest bid in February’s solar tariff auction conducted by the state. Nevertheless, it is still much higher than Rs 2.44/unit, discovered in May at the reverse auctions for solar plants at Rajasthan’s Bhadla. According to sources, 1,500 MW was distributed to 18 companies out of the 25 firms that participated in the bidding. State-owned NLC India Ltd, a traditional mining firm, was awarded 449 MW of solar plants. Bengaluru-based Raasi Green Earth Energy Ltd quoted the lowest bid of Rs 3.47/unit.




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