Power and new & renewable energy, Utilities company

New Delhi, April 18 Hydro power major NHPC has successfully bid out 2000 MW of solar generation capacity at a competitive tariff of Rs. 2.55/2.56 per unit at a time businesses are struggling due to lockdown.The bidding was undertaken on April 16 under the e-reverse auction method where the bidder quoting the lowest tariff is awarded the project.In a tweet earlier, R. K. Singh, the Union minister of Power and New & Renewable Energy, said, "Bid for setting up 2000 MW of solar generation capacity was finalized by NHPC, a CPSU under the Ministry of Power, at a competitive tariff of Rs. 2.55/2.56 per unit. During lockdown we kept our interaction with stakeholders alive through virtual platforms and also brought out new bids."Singh said in his tweet that this tariff is the result of several measures which we have undertaken during the past few months to enhance the confidence of investors and to promote ease of doing business. We stand committed to minimizing the risk to investors.The E-RA was conducted amongst 7 bidders with an aggregate capacity of 3140 MW. Against the total allocated capacity of 2000 MW, the lowest e-RA tariff of Rs 2.55/unit to Rs 2.56/ unit was achieved against the initial quoted tariff of Rs 2.71/ unit to Rs 2.78/ unit.Inspite of the complete lockdown in India due to Covid-19, NHPC successfully completed the E-Reverse Auction.( With inputs from IANS )

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Power And New & Renewable Energy, NewsFOLLOW

Power and new & renewable energy, Latest News

National :Install a solar roof top panel, get subsidies within 30 days

New Delhi, Jan 21 It will be now easier for any household to install a roof top solar ... ...

Business :NHPC conducts e-reverse auction for 2000 MW solar project

(IANS) Hydro power major NHPC has successfully bid out 2000 MW of solar generation capacity at a competitive tariff of Rs. 2.55/2.56 per unit at a time businesses are struggling due to lockdown. ...