Country's first round-the-clock solar power tender closes at Rs 2.9/unit

The project developer will have the option of building a hybrid plant with wind and hydro power or have energy storage systems

India’s first tender for providing round the clock (RTC) solar power disovered the lowest tariff of Rs 2.9 per kwh (unit). ReNew Power was the winning bidder with the whole 400 megawatt (Mw) capacity. Other bidders were Greenko, Ayana and HES Renewable.
 

The tariff would escalate by three per cent annually for 15 years taking the levellised (average) tariff of the project to Rs 3.6 per unit, said industry executives. This rate is closer to the average rate of thermal power in India.
 

The RTC tender was floated by Solar Energy Corporation of India (SECI) to supply power from solar