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India’ solar power tariff hit a new low of Rs 2 per unit on 23 November 2020 at a bid by state-run SECI (Solar Energy Corp. of India Ltd), said a government official. The previous low was Rs 2.36 per unit. Saudi Arabia’s Aljomaih Energy and Water Co. and Singapore-based Sembcorp’s Indian arm, Green Infra Wind Energy Ltd, placed the winning bids of Rs 2 per kWh to win the contracts to build a 200MW and 400MW solar power projects, respectively. State-run NTPC Ltd placed the second-lowest winning bid of Rs 2.01 per unit to secure a 470MW capacity. “A record low bid price of Rs 2 per unit was discovered in this auction,” he added.