AP gets bids for 1296 Mw solar projects

The Andhra Pradesh govt has received bids totalling 1,296 Mw in response to the procurement of 500-Mw grid-connected solar projects in the state

The Andhra Pradesh government has received bids totalling 1,296 Mw in response to the procurement of 500-Mw grid-connected solar projects in the state.

About 50 prospective solar power developers had submitted their proposals offering a tariff ranging from Rs 5.25 per unit to Rs 8.08 per unit with 3 per cent escalation every year up to 10 years, according to a press release. The levelised tariff works out to 6.17 per unit, which was lower than the tariff of Rs 6.49 fixed by the earlier government, it said.