Solar power tariff a record low of 4.34 a unit: Goyal

Union Power and Coal Minister Piyush Goyal has said that solar power tariff has touched an all-time low of 4.34 rupees per unit. In a tweet, he said, transparent auctions with a ready provision of land and transmission, has resulted in solar tariffs coming below thermal power cost. He further noted that the country is rapidly moving towards realising the clean energy vision of Prime Minister Narendra Modi.

justify;">The solar power tariff fell to an all-time low, with Finland-based energy firm Fortum Finnsurya Energy quoting 4.34 rupees to bag the mandate to set up a 70 Mega Watt solar plant under NTPC's Bhadla Solar Park tender. New and Renewable Energy Joint Secretary Tarun Kapoor said that low tariffs are a result of the confidence in the balance sheet of NTPC and solar parks that come with all clearances and confidence in the market.