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Centre urges states, UTs to explore dollar based solar tariff bidding

The Centre, in a serious bid to achieve capacity addition of 1,75,000 MW of renewable power by 2022, has initiated dialogue with states and Union Territories (UTs) on dollar based solar tariff bidding to make solar tariff more competitive. This is expected to bring down the solar power tariff to Rs 6.70 per unit from the present level of Rs 4.37 as developers will no more have to bear foreign exchange risk.This apart, states have been told to formulate appropriate solar policy expeditiously including provision for zero wheeling and banking charges to make cost of renewable energy affordable and provision for promotion of grid connected solar roof tops. Further, the Centre has sought the active cooperation of states and UTs to provide all ne.....

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