Tariff will be lower than Rs 3.6 per unit: ReNew Power's Sumant Sinha

Goldman Sachs-backed ReNew Power, which won the country’s first round-the-clock solar power tender, is confident of providing power at a levellised cost that is lower than industry calculations.

ReNew quoted a winning tariff of Rs 2.9 per unit (kwh) for the complete capacity of 400 MW offered by the government. 

The tender allows a 3 per cent annual escalation in tariff for 15 years, taking the levellised tariff (average tariff over the life of the project) to Rs 3.6 per unit. 

Speaking with Business Standard, Sumant Sinha, founder & chief executive officer (CEO), ReNew Power, said the tariff quoted for the project is not