Rewa solar project ends with ultra-low tariffs

The project design is good but nobody expected tariffs to drop so low, says Sunil Jain

At a record low of Rs 2.97 (4.4 cents) a kilowatt hour, the Rewa ultra mega solar power project has become not only one of the biggest solar parks in the world but also one of those with the lowest tariffs.

Mahindra Renewables, ACME Solar Holdings and Solengeri Power bagged the project’s three units at tariffs of Rs 2.979, Rs 2.97 and Rs 2.974 for the first year.

These tariffs are on a par with Rs 3.94 a unit that emerged in a tender floated by the Uttar Pradesh Power Corporation last year for coal-based power. The project