Solar power auction on govt agenda

28-May-2015 #Policy News Source: The Telegraph

The Centre is planning to auction 15,877 MW of capacity in 17 approved solar parks this financial year. In order to encourage foreign investments, the centre would consider dollar tariff in some cases fixed for 20-25 years wherein foreign generating firms that are interested in setting up solar plants in the country can sell the power generated in dollar terms. The Indian distribution firm will sell the power to its consumer in rupee terms.

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