Centre is also planning another RTC scheme which will involve blending thermal power with renewable and selling them together at an average rate.
India’s first tender to provide round-the-clock (RTC) solar power was won last week by Goldman Sachs-promoted ReNew Power, which quoted a tariff of Rs 2.9 per unit (kwh) for the complete capacity of 400 Mw offered by the government.
The tender is unique in several ways. Unlike the nature of solar to run for a few day-time hours, this project would provide power for 24 hours. For this purpose, the tender had proposed that solar power would either be blended with other sources such as wind or hydro, or would have an energy storage system. To include that cost in the project, the tender provided for 3 per cent escalation in the tariff annually for 15 years. Industry experts said the
First Published: May 11 2020 | 2:46 PM IST