Odisha to join solar tariff war with Rewa, Kadapa

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Enthused by the competitive bids attracted by ultra mega solar parks at Rewa (Madhya Pradesh) and Kadapa (Andhra Pradesh), Odisha is ready to take on the two states in terms of solar tariff.

At a recent round of bidding, solar tariff touched a historic low at Rs 3.15 per unit in response to 250 Mw unit of the Kadapa park. Since NTPC had offered the Kadapa project, power offtake and payments were secure, contributing to the low tariff. Earlier, the Rewa solar park had witnessed the lowest bid price of Rs 2.97 per unit but the levelised tariff after factoring in annual tariff hikes worked out at Rs 3.3 per unit for a period of 25 years. The other reason for the plummeting solar tariff is the falling price trend of solar modules prices of which are likely to fall 20 per cent this fiscal on oversupply by China.

“Odisha is in a very favourable position to take on other states on solar tariff. We hope to ensure highly competitive tariff by offering to the developers a ready to build infrastructure, certainty of power procurement and payment security mechanism by way of government guarantee”, said Hemant Sharma, secretary (energy) with the Odisha government and chairman cum managing director of Gridco Ltd, the state owned power trading company.
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