Solar projects bids in Uttar Pradesh go to Adani Power and Azure Power
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The latest auction for In the last three auctions, winners had quoted lower tariffs. While two of them were for projects that were offered by NTPC in Rajasthan and Andhra Pradesh, the other was for a project that was offered by Solar Energy Corporation of India in Maharashtra.
The Rajasthan bid set a record for being the lowest bid at Rs 4.34 per kWh, while the Maharashtra and Andhra Pradesh ones were Rs 4.41 and Rs 4.63, respectively.
Another difference between these projects is that in UP, developers will have to acquire land for projects, while in Rajasthan and Andhra Pradesh, they will be allotted lands in solar parks.
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On the bigger front, India is aggressively expanding its solar power portfolio, which is visible from the plans to add 1 lakh mw of projects to promote green energy. It is also in the forefront of a global push towards green energy.
On Monday itself, Indian Prime Minister Narendra Modi and French President Francois Hollande came together to inaugurate the interim Secretariat of the International Solar Alliance at the
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