Solar power tariffs are getting lower nowadays in India. Its current slab of price is Rs. 2.62 per unit which is lower than the charge of NTPC electricity generated by coal-fired plants. This amount was quoted by Phelan Energy & Avaada power during the bidding for packages of the 4th phase of Bhadla solar power project in Rajasthan. This rate beats the previous low of Rs. 3.15 per unit by Solairedirect in the auction for the project at Kadapa in Andhra Pradesh last month.
Solar power tariffs have been falling in the last three years due to the Narendra Modi government's thrust on raising India's green energy footprint and reduce oil imports. The National Solar Mission has a target of building 175 GW of green energy capacity by 2030.
The operation of conventional plants needs to maintain a balance between supply and demand. This may result in lower plant load factor for conventional power stations. And this will make an increase in the fixed cost component in the average cost of power and will favorably with state utilities. To know more about this News please follow the below link.
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