Solar tariffs reach new low of Rs 5.05

Business Standard July 15, 2015

Setting another benchmark in solar power generation, Mauritius-based SkyPower South East Asia Holding has offered Rs 5.051 a unit tariff in to Madhya Pradesh government-owned MP Power Management Company, setting a record low so far. The offered price is without any subsidy component and is lower than even Rs 5.50 rate under the viability gap funding, putting a question mark on the need to have subsidy in solar tariffs.