Solar tariff sees minor correction; rises to Rs 2.65 a unit in Gujarat bids

GST & increasing panel import prices impact tariffs

Tenders invited by Gujarat Urja Vikas Nigam (GUVNL) for 500 megawatt (Mw) of solar power projects have received bids in the range of Rs 2.65-3.36 a unit - a minor correction from the last lowest bid of Rs 2.44 a unit discovered in Rajasthan. 

Sector experts attributed the rise in tariffs to the impact of the goods and services tax (GST) regime and the increase in cost of solar panels coming in from China.  

Chennai-based GRT Jewellers quoted the lowest tariff of Rs 2.65 a unit for 90 Mw of project capacity, followed by Gujarat State Electricity