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Solar power at Rs 2.2 per unit: Possible in Dubai, not in India

Dubai set a global record last month by announcing that an 800 MW solar power project would generate electricity at Rs 2.2 per unit (2.99 cents).

However, there's no case for achieving such low prices in India, at least not with the current set of technologies, mainly due to the high cost of finance and expectations of higher returns from investment. 

The lowest bid that India has attracted for a solar project was Rs 4.34 per unit by Finnish company Fortum Energy in January for a 70 MW project in Rajasthan. Although experts said prices may drop by a few notches, they are unlikely to reach levels of Rs 2.2 per unit. 

 

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