Rajasthan confirmed its position as the most attractive solar project destination in the country with the latest NTPC auction in the desert state, which saw the winning bids falling to Rs 4.35-4.36 per kwH.
Of the 130 MW on offer, 50 MW was won by Shapoorji Pallonji Infrastructure Capital and 60 MW by Mahindra Susten, both offering to sell electricity produced from their projects at an identical Rs 4.35 per kwH. The remaining 20 MW was won by Prayatna Developers of the Adani Group at Rs 4.36 per kwH.
In these reverse auctions, the developer that offers to sell electricity at the lowest price wins. The latest wining prices are just a shade over the lowest ever offered by a solar project developer in India — that, too, in Rajasthan