MNRE asks SECI to set Rs 2.5 per kWh as upper tariff ceiling for solar auctions

The Ministry of New and Renewable Energy (MNRE) has directed SECI to set the maximum permissible solar tariff at Rs 2.50 per kWh without safeguard duty and Rs 2.68 per kWh including safeguard duty.

Reportedly, MNRE has reviewed NTPC’s recently held 2 GW auction in which tariffs between Rs 2.59 and 2.60 per kWh were discovered, inclusive of safeguard duty and had then come up with the decision to set the upper tariff ceiling.

In addition to this, SECI has also been asked to set the future solar bids in lot sizes of 1,200 MW to increase competition amongst developers and narrow the gap between all bids. Moreover, the tenders would be rolled out without an upper cap on maximum bid size. The minimum bid size will be set at 50 MW.

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