SunEdision to supply cheapest solar power in India: Govt official
Solar power will be sold at a record low tariff of 4.63 rupees per kilowatt-hour
 "An attendant holds a trolley loaded with the luggage of a guest at the reception area of a hotel in Ahmedabad May 5, 2012. Photo: Reuters")
An attendant holds a trolley loaded with the luggage of a guest at the reception area of a hotel in Ahmedabad May 5, 2012. Photo: Reuters
US based SunEdision Inc has won a bid to sell solar power in India at a record low tariff of 4.63 rupees ($0.0706) per kilowatt-hour, an Indian government official said, which could make the renewable energy cheaper than fossil fuel-derived electricity.
The company won the auction for a 500 megawatt project in the southern state of Andhra Pradesh, Upendra Tripathy, new and renewable energy secretary, told Reuters on Wednesday.
The previous low was 5.05 rupees per kilowatt-hour, he said.
SunEdision could not immediately be reached for comments outside regular US business hours.
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First Published: Nov 04 2015 | 10:04 AM IST