Reuters logo
SunEdision to supply cheapest solar power in India-govt official
November 4, 2015 / 4:33 AM / 2 years ago

SunEdision to supply cheapest solar power in India-govt official

NEW DELHI, Nov 4 (Reuters) - U.S.-based SunEdision Inc has won a bid to sell solar power in India at a record low tariff of 4.63 rupees ($0.0706) per kilowatt-hour, an Indian government official said, which could make the renewable energy cheaper than fossil fuel-derived electricity.

The company won the auction for a 500 megawatt project in the southern state of Andhra Pradesh, Upendra Tripathy, new and renewable energy secretary, told Reuters on Wednesday.

The previous low was 5.05 rupees per kilowatt-hour, he said.

SunEdision could not immediately be reached for comments outside regular U.S. business hours.

$1 = 65.6075 Indian rupees Reporting by Krishna N. Das

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below