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NTPC eyes dollar bidding to make solar power cheap

Updated: September 11, 2015 6:00 am

State-run generation utility is considering dollar-denominated tariff to bring down cost of power from its solar projects to less than Rs 5 per unit, the lowest that promoters have bid for a project being set up by the Madhya Pradesh government. “NTPC is selling solar power at Rs 3.50 a unit, which is currently the lowest in the market. There could be dollar-denominated bidding and the price may come down to Rs 4.50 or so,” company chairman Arup Roychoudhury said before handing over charge to director (technical) A K Jha, the senior-most member on the board.

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