The state has set a historic benchmark in solar power tariffs in the country, by discovering lowest rate of Rs 1.38 per unit for first year in Central Government Buildings, which is one fourth of what the consumers are presently paying. In the RESCO -II rooftop solar tender, Central government buildings are slated to get solar power at Rs 1.38 per unit, followed by state government medical colleges at Rs 1.63 per unit for the first year.
The rates would increase by 3 percent annually and would roughly double at the end of 25 years. These rates will set new standards in the solar rooftop sector.The RESCO – 2 tender issued by MP urja vikas nigam attracted nine international and domestic bidders, who oversubscribed its 8.6 mega Watts rooftop tender capacity by more than 630 percent.
The results were announced in an ceremony held on the sidelines of RE-Invest 2018, a global platform to explore strategies for development and deployment of renewable. The bid results were opened live in front of an audience including senior officials from the ministry of new and renewable energy, the world bank, MP urja vikas nigam and IREDA, prospective bidders and procurers. With the announcement of the winning bids, the work orders were issued and power purchase agreements (PPAs) were signed immediately thereafter.
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