Solar power tariffs appear to be on a free fall in India, finding a new floor at a tariff of Rs 3.15 per unit quoted by Solairedirect in the auction for state-run generation utility NTPC's 250MW at Kadapa in Andhra Pradesh.

This beats the previous low of Rs 3.30 per unit tariff, on a basic bid of Rs 2.97 a unit for the first year, quoted in February for the first unit of the 750MW Rewa solar park in Madhya Pradesh.  


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