Renewable Energy News in India

Lowest Tariff Drops to ₹1.38/kWh in Madhya Pradesh’s 8.6 MW Rooftop Solar Auction

The Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) has auctioned 8.6 MW of grid-connected rooftop solar under RESCO II model. The projects will be developed at more than 13 locations across the state. Interacting with Mercom, Manu Srivastava, the principal secretary and commissioner at the New and Renewable Energy Department of Madya Pradesh, stated, “In RESCO II tender, we discovered a first-year rate of ₹1.38 (~$0.0186)/kWh, a new low in the central government buildings (CPSUs) and ₹1.63 (~$0.0220)/kWh for state government medical colleges.”

News Date: 05-Oct-2018

News Source: https://mercomindia.com/l1-tariff-1-38-mp-solar-rooftop-auction/

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