India could well turn out to be the cheapest solar power producer as developers clamour with each other to execute projects, even willing to sell power at rates sharply lower than prevailing tariffs. “We had invited the proposals for 650 MW project but received an enormous response of 5,000 MW from project developers, manufacturers, and foreign companies” said Gauri Singh, joint secretary, ministry of renewable energy (MNRE). Buoyed by this response the government had asked the bidders to offer discount on tariffs, lower than those listed by the regulator —…
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