Wind power tariff falls to record low of Rs 3.46 a unit

After a historic tariff of solar power, wind energy tariffs have now fallen to a record low of Rs 3.46 rupees per unit at the recent auctions for 1,000 Megawatt projects, tenders for which were floated by Solar Energy Corporation of India.

“After solar cost reduction below Rs 3/unit, wind power cost down to Rs. 3.46/unit through transparent auction. A green future awaits India,” power, coal, renewable energy and mines minister Piyush Goyal tweeted.

Mytrah Energy (India) Private Ltd, Green Infra Wind Energy Ltd, Inox Wind Infrastructure Services Ltd and Ostro Kutch Wind Private Ltd have closed the bids with a tariff of Rs 3.46 rupees a unit.

According to the scheme, the project capacity will be determined by SECI for each tender, but will not be less than 25 MW for a single project developer at one site.

The power from these projects would be supplied to non-windy states.

SECI is the nodal agency for implementation of this scheme and is working on the e-bidding process followed by the e-reverse auction for eligible bidders. It will also develop a suitable mechanism for project monitoring.

Source:-ET ENERGY

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