Spain's Solarpack Corp quotes lowest tariff of Rs 2.36/unit for solar power

The tender floated by Solar Energy Corporation of India (SECI) is pan-India and the developer can set up a project anywhere in the country.

In a recent tender for setting up 2,000 Mw of solar power projects, a Spanish renewable firm quoted the lowest tariff in India’s solar energy history.

Solarpack Corporation bid Rs 2.36 per unit for 300 Mw of solar power project and, with this, has marked its entry into India.

The tender, floated by Solar Energy Corporation of India (SECI), is an all-India one, and the developer can set up the project anywhere. SECI is the nodal agency under the Ministry of New and Renewable Energy (MNRE) for renewable energy projects.

Against the requested 2,000 Mw under the tender, SECI received bids for 5,280