Solar power to get cheaper in Gujarat

News:

• The electricity regulator will be introducing the reverse bidding system for sale of solar power in Gujarat.
• The Electricity Regulator has proposed to set the price of solar power to upper limit of Rs 6.68 per unit from fixed price of Rs 8.39 per unit for new power plants coming up between July 2015 and March 2018.
• Under reverse bidding the rates proposed is upper limit and power companies cannot quote above that price for PPAs says a senior Gujarat Electricity Regulatory Commission (GERC) official.
• The cost of photovoltaic modules, which contributes to more than 50% of the cost of the photovoltaic power plant, is steadily declining along with inverter costs.

Source: TOI