Summary:
Thirteen qualified bidders participated enthusiastically over ten hours in the online auction for Shajapur Solar Park on July 19, 2021. NTPC Renewable Energy Limited offered the least tariff of 2.35 for Unit 1 of 105 MW unit and 2.33 for Unit 2 of 220 MW unit. The auction for 500 MW Neemuch Solar Park is expected in August 2021. The tariff is ~30% lower than the lowest solar power tariff achieved by the State so far and about ~40% lower than the weighted average solar power purchase cost of the State. World Bank financing for the solar park infrastructure through its loan to IREDA helped to keep solar park charges low and has enhanced the credibility of the project amongst the solar developers across the world..