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SunEdision to supply cheapest solar power in India: Govt official

Solar power will be sold at a record low tariff of 4.63 rupees per kilowatt-hour

An attendant holds a trolley loaded with the luggage of a guest at the reception area of a hotel in Ahmedabad May 5, 2012. Photo: Reuters

An attendant holds a trolley loaded with the luggage of a guest at the reception area of a hotel in Ahmedabad May 5, 2012. Photo: Reuters

Reuters New Delhi

US 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 US business hours.

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First Published: Nov 04 2015 | 10:04 AM IST

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